OXP1 Nov 2016 14:04
Just look at the Major shareholders, all experts in there field, and options at 10p 20p 50p plenty of news to come.
Major Shareholders
Woodford Investment Managers 401,597,920 33.31%
Mr R Griffiths 173,071,097 14.35%
David Norwood 105,938,633 8.79%
Marcelo Bravo 65,000,000 5.39%
Southern Fox Investments Ltd 51,000,000 4.23%
Henderson Global Investors 49,400,000 4.10%
Octopus Investments 42,140,345 3.50%
Aviva Investors 37,964,329 3.15%
Mr R Quested 37,247,753 3.09%
Highlights
Substantive progress in commercialisation discussions regarding the Company’s lead NSAID1 assets, OXPzeroTM Ibuprofen and OXPzeroTM Naproxen
Feedback has identified the key precursors to successful partnership outcomes, including:
additional platform development
clarity on regulatory pathway for over the counter (OTC) and Prescription (Rx) product approval Significant progress advancing the OXPzeroTM technology platform:
Improvement of drug release in vitro
Scale-up and optimisation of the manufacturing process
Strengthening of the intellectual property (IP) portfolio
Planning to conduct small-scale exploratory pharmacokinetic (PK) trials to validate the in vivo performance of formulation improvements, with details to be announced separately in due course
Ongoing dialogue including the initiation of broader outreach to include the Rx market
Proceeding to seek pre-IND meetings with the US FDA to clarify US regulatory pathway
License per product would mean £20-30m upfront payment, Further sales milestone payments and mid teen royalty payments, Gastric safe NSAID’s potential sales of over £500m