RE: Time to Stop the Rot ?11 Nov 2020 17:35
Hi Andy, successful vaccines were clearly not priced into the market and the general interpretation that this one is a golden bullet (mostly by PI's) contributed to the huge drop. This is explained by the indiscriminate way the drop (and rise) affected a whole host of shares. Even NCYT got hit and they are and will continue to sell PCR tests for a long time yet. Future vaccine readouts may have a similar effect but i suspect it will be a lot more subdued.
SNG, like all other shares affected, should be assessed on its own merits. Fully funded for P3 trials for a broad spectrum anti viral that may well treat all future viruses as well as COPD et al. The value of an effective drug in p3 trials is way north of 190 million, let alone one that has a chance of completing the P3 within a few months.