From CH21 Aug 2019 21:15
Was just penning an e-mail to Cliff Holloway, and came across this reply from Cliff from February, which I never posted up, as most replies, but given the financial statement we have just received, just perhaps as pertinant a reply now as it was then.
From: Cliff Holloway
Sent: 01 February 2019 16:23
To: Paul Davis
Subject: Re: Scancell
Hi Paul,
As I said to other shareholders who contacted me recently, despite market sentiment the fundamentals of Scancell have not changed. The RNS yesterday divulged no new news other than the financials, which I understand have caused some to be concerned. We manage our financial runway very carefully and obviously as we approach clinical studies our costs will inevitably increase. That said, we are well positioned to progress SCIB1 to the clinic within this first half, Modi-1 will also continue its trajectory towards the clinic following completion of successful toxicology studies and regulatory submissions. In addition, preclinical progression of Modi-2 will broaden and strengthen the overall base of the Moditope platform, as would a successful outcome from our TCR collaboration with BioNTech. In my view these are all significant milestones, but most important of all is the clinical data itself, and this is the year for execution to bring us closer to achieving that goal.
I am very sorry to hear of your personal circumstances, all of us at Scancell come to work each day with the goal to improve the lives of cancer patients and we remain committed in that endeavour. Our thoughts are with you.
Once again thank you for your continued support.
Best regards,
Cliff
Just a very honest reply to what was a very honest e-mail, and I have been surprised at someones negativity to corresponding with the BOD, but if you are not seeking what is considered inside information, you will no way get any!!, just nice to be able to get clarification on a few points we are seeking it on. Very much in line with my previous comments as to CHs decency and honesty, and yes I do believe it hasn"t been the easiest three years of his life as to communicating very good news to us shareholders. I do believe passionately now with the position on the U.S. IND clarified, and as we enter into trials with Keytruda the runway for good news awaits s as maybe in a way it has never been before, and in a market which is so brutal at the lack of regular news, we shold be very happy with that. Goodnigh guys, I did receive an even warmer reply from RG when I was given the all clear, IMHO we really do have a BOD that cares, and that came through Monday for me with the decision we couldn"t wait any longer to run both trials at the same time, and lets hope it is the best news for the patients who have been selected as their options are so few now.