RE: Doc834 Apr 2023 23:33
Here was for reasons for! Reading them, most are still applicable… I think someone did correct me on the 80% P3 success. I think that was for P3’s focused on respiratory viruses. The overall was a bit less if I recall, but still more often than not P3 trials succeed.
Reasons To Invest In Synairgen:
- Previous trial results, including advancement to phase 3 in ACTIV US trial, are supportive of a positive outcome.
- 80% of phase 3 trials succeed.
- Excellent management team who have worked on this for many years.
- Recent recruitment drive to senior positions.
- Science supports the case for IFNb.
- Ingredient is a naturally occurring protein.
- Broad-spectrum antiviral, already proven (in vitro) to work on multiple variants of Covid-19.
- Different to current crop of therapeutics (inhalation).
- Could provide basis for other treatments, Asthma/COPD etc.
- Brokers positive. Numis price target of £9.90, Dr Paul Cuddon experienced in covering such stocks. Finncap also positive.
- Omicron, an even more urgent need than ever before for a variety of therapeutics.
- Vaccine hesitancy, more people becoming disillusioned with vaccines. May need to rely more on therapeutics.
- Represents a good risk/reward bet.
- Polygon/Polar taking significant stakes in Synairgen.
- Finncap upgrade.
- Commercialisation agreement signed with Ashfield, owned by UDG Healthcare (former FTSE250 member before being bought out in 2021).
- Several senior job roles advertised focusing on the US.
- Synairgen Incorporated set up in the US post P3 data being received.
- Video from Synairgen on 17/01/22 saying “we’re ready”.