...today announces it has identified, by genetic testing, an optimal subgroup of acute respiratory distress syndrome (ARDS) patients for Traumakine treatment (intravenous interferon beta-1a) who showed a substantial reduction in mortality during the INTEREST trial.
If you had 1000 ARDS patients, the treatment wcould be very effective in 300-350 caucasion population and 500 African. Huge lucrative market for such efficacious therapy
Can still treat a third of Caucasians for an unmet clinical need and nearly half the number of Africans. This company used to be worth £300M....not £25M
Wpuld not be surpised to see this back over £1.50 over the next few trading sessions as the market realises that the drug is still potentially very effective
Look at the state of the SP. I remember buying this 0.95-1.4p around 4-5 years ago on first Wolfamite assay results. Those who bought at 3p have around 3% of their investment left. Not cool