RE: Share Price9 Oct 2025 16:23
I just think they are nieve, nicely. I genuinely believe they thought they were going to create a buzz around a new compound. There may have been a secondary aim to gently push timescales into 2026 but IMO, if there was an issue with the tox study. They wouldn't be now pursuing another TYK2 indication using a similar molecular makeup? Unless it isn't similar? The ability to not sticking to your own deadlines always blows my mind. Why set them if you can't deliver on time? The AGM statement, last year said tox study to complete by mid 2025. In reality, it was only 'initiated' in May 2025, what ever that means. JR is on record saying minimum 6 months. TM said 16 weeks plus a month's. But as we don't know the exact start date, we can't be sure if the deadline has even been missed yet. It's deliberate obfuscation from the board. My only real gripe is the new CNS work has presumably taken up much needed funds from a dwindling pot and that might result in a placing and or other dilluting finance. If the board had met the mid 2025 deadline, they set. We might have had a licence by now.