Why the wait?3 Jul 2020 01:29
Seeing a lot of questions about why we haven't seen news of the readout yet. Also seen a lot of suggestions as to why they are sitting on the results for various reasons (good and bad).
This is my take...
No they haven't received them yet, by design. I would suggest they did not want to receive them before they were in a strong position in terms of negotiating a licencing deal or sellout ('strengthening the supply chain' etc) . They knew approximately how long it would take to strengthen their position so that's how long they gave the data company to process the results. I would guess if that's true they have arranged to receive COPD and Covid-19 hospital trial reports at the same time.
I'm not saying they did this knowing good results are coming as it's a double blind study (stop pretending they somehow know anecdotally), rather in case they get the results we are all hoping for.
It's a good thing for the LTH but doesn't hint at the outcome in any way, just getting ready to leverage good results.
Also, I really don't think Lansdowne or Acacia are reducing their holdings any more. They both seemed to be timely filling TR1s, it seems clear to me that they are waiting for results. SP is surely being driven by traders right now, all that comes to an end once they release results and on good news heads to its new value in the blink of an eye.
A bit rampy, without really saying anything. Just getting it off my chest.
All just my humble opinion, make up your own minds and as ever dead keen to hear other's opinions.