RE: UT21 Jan 2022 15:29
Mr India Unfortunately to date Vlad has not delivered on anything promised to shareholders leading to a horrendous 2021 for most investors. Although there have been some promising RNS’s on partnerships for both CAR-T and CDX they are both, in my opinion, running at least a year late in their development. That being said, there has been a request to the FDA for a pre IND meeting and that does have to occur by the middle of February at the latest. I understand that following the meeting Hemogenyx will be releasing information on what the FDA think about the forthcoming CAR-T IND application and as others have said, if the feedback is positive then we should see a bounce in the SP as it would basically be a green light that they will go into clinical trials. If you’re an investor you have to think with the expertise HEMO have assembled around them it will indeed be positive, else why ask for the meeting in the first place? If indeed it is positive feedback we may also find out whether it can be assigned as a breakthrough therapy or as a fast track application. Either would allow clinical trials to commence in the very near future. However, until the meeting is held (and there’s been no official confirmation from HEMO that is was actually granted) and until we know the outcome, people are going to sit on the fence and wait. Vlad is STILL running Hemogenyx in stealth mode as if it’s a private company so until we get something TANGIBLE to match his bullish statements personally I don’t see anything changing with the SP. We’ve still no idea whether pre clinical work has completed with CDX or CBR and have no real idea where they’re at on their development cycle, although the vibes sound positive. So my take, you either believe their product candidates will get into the clinic in which case you hold and wait for the substantial rerate, or you don’t, in which case it’s better to sell up, take your loss and move on.