RE: Is the Dream Team now in place for Poolbeg Pharma ask @TMSreach9 Feb 2024 09:59
I wasn't in Red X myself and had thought about taking a punt this morning for a trade but will hold off. I would expect any Poolbeg upfront payment for a 001 deal to be in the same range. Their cashburn isn't in their favour so and we have proven to be lean burners here in Poolbeg. After starting with £25m cash a couple of years ago we could do with a top up payment from a deal. It is no good to be left in a position of having "multiple shots on goal" and to be stoney broke with it.
This mornings Poolbeg X or twitter comment reminder was to stay tuned, a hint perhaps.
"Stay tuned on the POLB 001 journey - an exciting oral therapy to prevent or treat CRS."