RE: shifting upwards on news...17 Jan 2020 18:46
I'm really not sure what news will provide a significant and lasting upward shift in the IMM share price. In the years before the start of the first IMM Phase 3 the SP oscillated between 40p and 60p for the great majority of the time, only occasionally moving outside that range.
We are now at a stage when another Phase 3 appears to be imminent and will be much better funded than the previous one. Moreover, from the analysis of the results of the first Phase 3, it failed to r each its endpoint as to efficacy because the results from the USA cohort were very strange, perhaps because they were conducted on a very small sample compared with the Europe one. Excluding the USA result, the Europe one showed a significant reduction in Lupus in Antibody Positive patients - and we would all have been celebrating had the USA patients cohort result not been so absurd.
With all the information we now have that the Patient Profile must be centred on Lupus Antibody Positive patients the prospects of the trial meeting its end points on efficacy and safety, I had supposed that the SP would at least reach the levels (40p - 60p) that it was at before the previous Phase 3. I guess that the cause of this is the scepticism that grips the investing community following the failure of the first Phase 3 which was preceded by bullish statements from the IMM chairman. Better if he had been more cautious in his prognostications.
But this time I think there is very strong case to be made out for Lupuzor's success in its next, much better funded, Phase 3.