RMM - Munterings24 Apr 2022 15:17
Hi RMM - I trust you are keeping well.
I was just reviewing your post of 12 April which was absolutely spot on! Given the impending GSK/Sierra tie up do you have any further thoughts on how you now expect things to progress in the short term.
Many thanks and best wishes,
RE: Munterings12 Apr 2022 18:56
Greetings Thoth. Like you I have nothing substantive to base my views on in terms of the recent rises but if I was going to point a finger it would probably be at Sierra. I can't see big rises continuing on a daily basis without news so either we are about to hit resistance at the old 5 and 7p levels or the dam is going to break and we'll get a re-rate. Whatever is going on behind the scenes has prevented us from getting a speeding ticket so there must be something in the pipeline. As you know I've never been a fan of the Covid play unless it gets us into a fast track for both 1801 and 1802 to go up against some big indications but taking on your point about bioterror I'm firmly of the view that the next big conflict will be fought in the lab, in fact it may already be underway. Putins supposed finger on the nuclear button is a blunt instrument. Not much point in irradiating a country if you can't occupy it and reap the economic reward. The Chinese on the other hand will be watching intently to see where this goes and the economic future for them is more in pharma than it is in making guns and bullets. We haven't debated for a while where interest in SAR might originate but I'm now pondering that we could be garnering global interest, certainly beyond Europe and the US. It's getting very close to CTA time, the point at which the SAR business model is focused. I can't help but think that somewhere out there a pharma is going to blink before the price gets too high. GLA
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