SP this morning29 Sep 2020 09:39
It was obvious this would happen. Quick mark up. Hook in a few greenhorns first thing. Pull their pants down. Then sell on news. Close gap.
I think, in reality, we need to wait for the ‘real’ market reaction. No, not forecasting a boom but these are solid progressive announcements this morning. A stepping stone without a doubt to bigger things.
If you want the big returns though it’ll be a slightly longer wait. Rome wasn’t built in a day but think of the huge strides already made here.
For me the most interesting comment of all by RM was :
“we feel well-equipped to realise our strategy of progressing inhaled interferon beta for the treatment of respiratory viruses.”
Not Covid-19, not COPD but respiratory viruses.
This drug has the capability to treat a vide variety of viruses including Influenza. This is much more than just a Covid play which means the opportunity is not just short term, it’s medium term, it’s LONG term.