Thought the vmarket interview raised an interesting point on NXP001 Dan said they have some interesting commercial updates to provide with plenty of upside. The regulatory issue seems to be holding back any announcement so hopefully soon.
Everyone focuses on the value of the drugs but the cocrystal technology providing the mechanism to evolve so many drugs has to have a value in its own right
In the podcast Dan said there was £3m due now on NXP001 plus ano £3.5m for a joint venture in China plus money coming in from Ebers and close on NXP002. The co is only valued at £44m.
Surprised where this is given the prospective revenue on its way. For the first time in the RNS negotiations are not just in Asia for NXP002 but are also in the US, so potentially global liscensing will be in place before the final clinical trial is complete.
Fantastic podcast lots to come Dr Dan excited about the commercial updates that are on their way re NXP001, talking to several possible partners re NXP002 plus tons of other progress
y0g1 may be understated if £6m 2nd half it was earned in 21/2months puts annualised revenue at £28.8m on a historic basis one would expect this to grow as more parties come fully on stream yabadaba
This is comment in RNS is interesting as it suggests running costs are covered cash raised is purely for product development “ Income from Ebers-related activities continues to support Nuformix's low operating costs. ”
Nothing wrong with the last RNS “ It confirms that the Company is in discussion with multiple potential licensees in Japan and Asia, including but not limited to its NXP002 programme.”
Not a side line when CBDs can help so many with ms and epilepsy and more. More mainstream for those in need however No2 has the attention of Asia And Japan