RE: Market cap £90M. Really?30 Mar 2022 15:25
AB
There is, of course, always risk of clinical stage failure. Most trials do fail
But what moon is saying that we are steadily reducing the risk by getting the products to the clinical stage and into the clinic.
Yes, it is slow progress on the trials themselves but the risk is steadily being eroded.
We can discuss until the cows come home about the residual risk.
Look at it another way:
The SP peaked at 28p in Feb 21.
Since then:
a) The Covidity trial has started and 22 patients have been dosed with no safety issues and good initial data
b) A patient has been dosed for the SCIB1 combo trial
c) Modi1 trial has been approved
d) We have been told that Lindy turned down 2 glycans deals
e) A 4th glycans collaboration has been announced and 4 of the mAbs have now been humanised (that's probably a big hurdle in the progress towards the clinic)
and now the SP is 11p.
What does that say about the Aim market? It swings from over bought to over sold, perhaps in contradiction to what is actually being achieved by the company.