RE: Anyone kept tabs on ...19 Dec 2018 14:24
cristalball, yes I have, From whatever business background you come from one thing is the same, the IP is worth what a buyer is prepared to pay for it. There have been some awful posts here claiming two compounds have been approved, commercialised, that is far from the reality.
Is the data so far compelling? Will a lot more be needed? Even to get to a Phase 3 trial £20m odd will be needed. A Phase 3 trial will be a minimum of £40m even if an IND will be granted on data collected so far. The red flags are enormous oil beast, you are seeing 50% discounts on placings already, another soon, unable to raise even a £1M and Directors purchases needed even for 500k gross.
At the very best the company must be unable to commit to any further development. That is just my opinion.