A Level headed view13 Mar 2020 19:07
Well that was an interesting week. Having sat back now and taken in what has happened over the last few days we now sit here at a share price of 60p. We are now firmly in the grips of the outbreak in Europe with the USA following. We spiked upto over 160p on the RNS that TILS is expediting (Basically fast tracking) the development of TZLS-501,
'The Company entered into a world-wide license for composition-of-matter of TZLS-501, a fully human mAb targeting IL-6R, with Novimmune, SA, a Swiss biotechnology company in 2017. '
So my interpretation of the above snippet is that TZLS-501 has been with us for a while so they should already have extensive knowledge about its possible uses, hence the RNS.
We have drifted back down sharply since, to be expected I suppose as currently this share will be very largely news driven. The RNS the following day to raise $10m I suppose took advantage of the rise in sentiment, and they stated the that the funds will go towards the fast track clinical development of TZLS-501 and working capital/other corporate purposes.
Covid 19 will be the news focus for a while yet and hopefully TILS will be hard at work testing. Make no mistake we need news for this to move but if we do get news and its positive I wouldn't want to say where the price could stop. There is obvious risk here due to the nature, I hold a position here and will do so until we have a fuller picture. Getting $10m in a raise in this climate would be a big achievement so would have thought they would see the potential here.
Gabriele Cerrone, chairman, added that Tiziana only became aware of the potential of its anti-IL6R mAb at the weekend after people in Naples with lung problems caused by coronavirus started to respond to treatment with Actemra.
“ We are sitting one of best anti-IL6R monoclonal antibodies on the market but had no idea it could be used for Covid-19 complications on the respiratory system as no-one had ever tried it before.”