RNS wording and Covid23 Aug 2021 14:21
My take is that Gov Covid trial funding is secured and it’s now a matter of clarification with regards to trial design.
If you reread the RNS from Mon, 9th Aug 2021 13:26
“Clinical trial plans, including priority autoimmune indications and potential Covid-19 application, will also be developed in parallel, subject to additional funding being raised.”
Note subject to funding.
Then the latest trading update RNS:
“The Company aims to commence Phase 1 clinical trials for SDC-1801 in early 2022, subject to successful completion of the ongoing preclinical toxicology studies, gaining the requisite approval and financing. ( new sentence) The timing and design of the clinical trials for Covid-19 applications will be determined following consultations with experts in the field.”
No mention of subject to funding ref Covid.
Also of interest is the earlier RNS states “POTENTIAL” Covid applications, whereas the latter does not use the word potential, simply Covid-19 applications.
Just my observations.