RE: Up 7.75%16 Oct 2019 17:12
Whats got the market really interested is the fact that taking our 40 odd deals aside which will produce a very profitable company in a few years, is that big pharma has already had two failures in trying to get a cholesterol reducing drug through stage 3 trails and failed.
Many posters here and doctors are saying how good our products are at reducing cholesterol, even coupled with a low dose statin for extra effect.
If LPD was to achieve grade 3 pharma clearance..on its own would be worth well in excess of 100M... and there are a few companies out there that will pay high premiums to secure it. That's over double our current market cap just on its own.
Even the broker has posted just a 10% chance of success with a view that current price value should be 97p...gives a clear insight into what kind of value being created here, and the multiple deals minimise risk.
Not at all surprised price is rising fast, many say overseas buyers bought in low 40/50's. I say no, investors in ericos forum bought the most, and plan to hold them to boot.