RE: Bought in26 Apr 2024 08:17
An extract from Note 23 of the Financial Statements under Service Agreements:
"In September 2023, Hemogenyx Pharmaceuticals entered into a Master Services and Contract Agreement for a third party to provide clinical services and technologies for the forthcoming Phase I clinical trials for an initial term of 38 months, paying an aggregate of 2,530,057. This includes an upfront payment of 986,713 and monthly instalments over 38 months of 41,712 commencing in April 2024. No sums other than an upfront fee were paid during the year ended 31 December 2023."
- the monthly instalments payments 'commencing April 24' suggests to me that the commencement of the first trial is not that far away now, as Prevail are starting or about to start to undertake the regular work/services to be provided under the contract.