RE: Covid is returning14 Dec 2023 12:33
mani, i think we have to accept that mistakes were made (be it synairgen or the powers that be) and our p3 trial failed. the data imo is still good and i think our drug works, but the hard facts are that bp are not going to pay £billions or even 100’s of £millions as we are now.
no, we are back at the start line, maybe with better knowledge of how to run the race, but at the start nonetheless. it’s all about blowing the doors off with the p2’s and putting us in the best possible position to negotiate a jv or sale so that another p3 can be taken on.
we have three options. if you don’t believe in the drug anymore, sell up and bank the loss. if it’s outside of a pension or isa you can use the losses to offset gains elsewhere. or if you believe it could still be a success hold. and if you still really believe in it, top up and get the average in price down.
it’s a ****ty situation, no doubt, and one that has been going on for nearly two years now. but i’ve made my peace with it.