Woodford's view of RENE21 Jan 2018 16:55
Last Friday there was an update on the portfolio of Woodford Patient Capital Trust. Within that fund is a substantial holding of RENE. Here's the quote from that report:
Quote: ReNeuron
ReNeuron received regulatory approval to start a phase IIb clinical study in the US for its CTX cell therapy for patients suffering from stroke disability. This is a great example of the patience that is required to achieve successful outcomes in this area of investing � the CTX cell therapy technology has already been in its development phase for almost ten years.
Although this particular study is expected to read out in late 2019 and further pivotal trials are likely to be required before the company can progress towards market approval, the commercial opportunity ahead for ReNeuron�s innovative pipeline of assets is, in our view, substantial.
ReNeuron, thus far, is doing everything that we hoped it would in terms of operational development. The long-term potential here is undeniable but the short-term interest from the stock market remains almost imperceptible. In an increasingly short-term world, businesses like ReNeuron are exactly the sort of investment opportunity that the Patient Capital Trust was set-up to support, nurture and, ultimately, benefit from as they fulfil their commercial potential. As we have consistently said, not all will fulfil that potential, but the rewards for those that do succeed will be substantial. Endquote