Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.
the company has told investors for years it had a long list of potential drugs it could potentially licence precision for…… none have eventuated, despite sitting on data since mid to late 2022 that showed the company precision was working.
the company had £60m quid from the cln in october 2022! it got ****ed up the wall on some hairbrained idea to go on a diagnostics buying spree when valuations post covid overvalued the businesses.
there are many ways this latest valuation and fundraise of the company at 50p could have been avoided but management and the board ****ed it up.
there are also plenty of companies that get drugs approved that go onto destroy shareholder value through company mismanagement and commercial inexperience …. stx anyone? getting the leadership right now is essential imo.
as is not ceo calibre for a company with the opportunity to change the landscape of oncology for high fap tumours.
“But the truth is the business has acquired the necessary resources to reach the key marker of proving the drug and commercialising it.”
The company doesn’t have anywhere near enough cash to commercialise the drug.
It has enough to get through the P2.
Licence or partnering of ava6000 or the platform are essential in this company driving any value for shareholders.
Extremely unlikely they can recruit quickly enough to complete by end of June in any case considering it has taken from September to basically the end of March to recruit 3 patients.
I don’t believe a new cohort can start without SDMC approving that the previous dosing regime is safe.
The Magna cash has already been received. However there are many ways to skin a cat….
As noted below and highlighted by the CFO receivables financing is the backstop.
The Magna exclusive licence expires in 15 months so expect that to be extended considering they are already working on a Gen 2 mirror. That will likely happen in H125 and will be a nice lump of moula.
There are at least 3 new DMS auto programs beginning in 2024, including VW which started this month so the high margin royalties will start to make their mark.
Then there is Gen3. Even minimum traction in Europe with this in the next 2 quarters, followed by US and Australasia launch will ensure the company won’t have to ever worry about its cash position ever again!
"You should buy qed,......"
LOL. Clown. See QED just shafted their LTH again. Another placing at shocking discount which will barley keep the lights on.
Suggest you worry about a company you are actually are invested in for a change.
If only SP decrease correlated with dilution percentage, which is obviously nonsense.
The new investors valued the company at 50p (160m MCAP). Thinking this has anything to do with dilution percentage is delusional!
Excellent presentation. 3 months until year of cash break even!!Plenty of cash to see this through.
Answered honestly plenty of questions raised, options/RFQ's/minimum guarantee's etc etc unlike SEYE CEO who bluffs his way through and makes up the numbers on every award they have ever had.
why did it take simon bennett’s arrival to get the board to focus resources on therapeutic development.
it’s been clear to the vast majority that should have been the focus since the january 2023 data release and proof of mode of action of precision….. yet the company still went on to **** millions down the drain buying coris. the board are either clueless or have been really ******* slow at understanding where the true value was going to be generated.
£40m plus spent on diagnostics. 3996 would have been well into the clinic by now….. which was the plan, until someone on the board had the bright idea of a diagnostics m&a buying spree.
"Reckon up to Dec 2023 the BoD were willing to give away 3996 much too early and far too cheaply. "
The problem with this theory is that the company stated in 2022 that the following would happen......
" AVA3996 has been selected as a candidate for preclinical development. Clinical Trial Authorisation (CTA) and/or Investigational New Drug (IND) filing expected H1 2023 and dosing of the first patient later in 2023."
The company is unable, through inadequate management of resources, to develop out its pipeline in a timely manner to benefit shareholders.
So, how could they be giving it away to early when they are at least 2 years behind on the schedule that they identified for this molecule to get into the clinic? 3396 will not provide any value to shareholders for many years to come. It should already be in phase 1a dose escalation!
This company should be getting funds into to develop a long pipeline of Precision molecules to early clinical stage and execute a licensing strategy. Low risk high reward.
To think that this tiny team can get a drug to market by itself is extremely delusional.
It’s not all European cars. It’s new models which is a significantly lower number and contracts likely decided on those already.
A better question would be do SEE still anticipate 50% market share by value in automotive.
Load of rubbish. Establishing an MTD and optimum dose is essential for drug development. It’s not the methodology that has been wrong, as the company is seeing efficacy signals at higher doses as well so who is to say lower more often is better without the data for higher doses.
Questions around speed of recruitment should be asked. Some cohorts have taken an exceptionally long time.
Also the company has gone from recruiting in 2 countries to just the US without providing an explanation. This will impact speed of recruitment in P2 and future studies.
Communication on the current situation and future plans is poor with everyone currently using a T&P broker note to guess the future written by an analyst that got the mechanism of Precision wrong and who is not a pharma specialist.
Time for the company to have a serious conversation with investors about this IMO rather than hiding away.