RE: Overview11 Aug 2023 13:46
Some say valirx is on its way to become Contract Research Organization (CRO), filling the gap and think that with expected future contracts company will be first self sufficient than turning profit yoy.
Patricio Ledesma, Head of Clinical Operations at Sofpromed CRO https://www.sofpromed.com/ , explains briefly how cro contracts valued.
" As far as CROs dedicated to clinical trial management are concerned, for all the regulatory, site management, clinical monitoring, data management, statistics, medical writing, and project management services, this is, those services provided by staff, pricing is calculated considering the amount of work time to be dedicated (hours) by each member. Based on staff hourly costs, the CRO will charge a benefit margin to the client. In general, efforts are calculated by an FTE index (Full time equivalent), meaning 1 FTE a 100% dedication of one person to a certain task. For example, one data manager working half the time for one month would be 0.5 FTE. CROs may also include in their proposal specific services subcontracted to other vendors. In these cases, the price given by the CRO to the final client would be based on the price provided by the subcontracted vendor plus some benefit margin. "
Ex-TR1 (ex-banker), holder classed this share as trade opportunity btw 8-10 then downgraded his trade opportunity btw 6-8 some months ago. The prof got himself advisory position with the company. some say sold the rest of investors.
valirx got:
* val series repurposed compound dusting on shelf after so many years & so many mil £ spent ( noncommercial ), golden one is val201 with 11 indications & 54.4% respond rate (average respond rate 44%), no established pharma showed any interest as we know of
* clx001 licensed almost a year ago, no one knows at what stage since then
* lab in collaboration with another failing aim company
* biobank
some expects a fund raise btw 2.25-5 in q4 & others say got money into 2024. ( 01/01/2024 means we are into 2024).
current ceo was put there with the same investors who now wants her out but cant do it without the profs notes.
all depend on ones appetite for R:R ratio & @ what time frame