Off Topic...or is it ?24 May 2022 05:04
Morning The.Italian.
I notice with interest the recent FUM announcement about signing with an EU licensee. I tend to agree with you regarding why no numbers (US$) have been quoted, its certainly intriguing. Although some have posted that they are not interested in upfront numbers, surely upfront figures give a real indication on what a licensee feels of the potential of a product and in fact by not including any could be considered as a negative, which seems to be how the market finally thought at the conclusion of the dealing day on with only a modest 10% sp increase on close. It will certainly be interesting to see how it plays out today once the market is open. Of course there is the possibility that they (FUM) don't want to show their cards if they are still in talks with a US licensee, although I would have thought those in the know would already have knowledge of the figures anyway.
It will certainly be interesting in what sort of deal PLE finally manages to agree on regarding our product in the US, which surely must be soon agreed. Its been a year since the marketing report was finished, allegedly, performed/created to speed up the negotiation period (and nigh on 4 years since when shareholders were first informed phase II was to commence).
There was also meant to be a operational update coming out, although another 7 days and the company will be back in a closed period (yup, its now 6 months already and shareholders are still none the wiser on the US phase III progress and if the recent China lockdowns have greatly impacted the stated possible completion of their phase III trials in Oct this year. Certainly seems some things don't always change regarding transparency.
Fingers crossed shareholders see something by the end of this week.
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