RE: Up 4.3%. "CONTRACT ANNOUNCEMENT WITH LARGE PHARMA COMPANY, EISAI INC. "2 Jan 2024 09:21
So is the significant large pharma contract Nero was punting ? If so it’s another case of ludicrous hype from Newland. Yes Eisai is a recognised major pharma name, and yes it is strong validation of parsortix, but and it’s a big but, this hardly validates the commercial case does it? The value of the contract if this is the big one is miniscule: $250,000 is barely going to move the dial for a company burning thro £20m a year. And by revealing the value finally, it gives context to just how tiny the value of previous deals AGL announced but didn’t put a £ next to. It is a good start to the year but Newland is going to have to produce plenty of these types of deals to get the share price back to the mid 30s where it was 12 months ago!