China23 Nov 2023 09:50
Morning all.
Well, I must admit I am disappointed with the apparent lack of progress on the chant front which seemed to be going great guns and I felt the last update was just a formality notice regarding the submission at the end of Q3.
That said, I cannot help feel that maybe JG is with holding information in regard to this since a few more days and they will be in a closed period which can provided an added excuse.
Given that come the end of Jan 2024 there will, again, be no money left and from the fact that hardly any PI's committed any more cash during the last placing. It really seems RPG may be trying to play the market with the news to get more interest from a 3rd party investor who is/are willing to buy placing shares at a higher price, since the news should push the sp up to another level ? Speculation on my part, but since the Chinese have gen been ahead of the curve with regards to timelines, there surely cannot be any other explanation. (unless something drastic has been found, which I very much doubt).
No news on the FDA approval process or license agreement front, but nothing different there except if is becoming more and more obvious to me that whoever prospective licensees are left see no value in the product in the states otherwise one would have stepped up to the plate a long time ago.
As a gentle reminder. We have now reached 1 year since the RU approval was given and Recordati may have gotten OTC approval, but its to no good given the manufacturer can only supply 30k can / 4 months and said cans are about 60$ less in price than they were at the beginning.
Its now been over a year since PLE last uploaded the Q & A's on the FDA gov website and its now taken 5 and a half years since shareholders were advised recruitment had started, there is still no phase 3 starts and no license agreement and just for 87 subjects. It certainly beggars belief and is certainly unprecedented.
Is this the beginning of the end, as we know it ???
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