RE: Can't buy any3 Mar 2024 19:55
Maybe what needs to be appreciated is that Faron are still at the cutting edge of an unknown science . Clever-1 up until now has no track record to speak of . Faron have been the only ones to identify it , and work on their thesis , and to prove that up . Matins gave them a huge amount of information . But at every stage they were learning more - and actually giving themselves more headaches ( remember soluble Clever 1 ? )
Possibly they were hoping to strike it lucky on one cohort in MATINS as a monotherapy on solid tumours , but despite good data , nothing was big enough to force a BPs hand .
What it did help do was give them biomarkers , and proof of the IFNy connection etc .
Bexmab data then gave them a huge boost again in proving that Clever-1 was key . Given a clear shot at the right patients - it is proving beyond any doubt that it is clinically effective .
But we have to remember again that if Faron had sold out/partnered 1-2 yrs ago , it would have been at a paltry amount compared to what it is becoming worth now . This is where the patience comes in . That's why we have seen a build up in management and infrastructure . The high profile BOD appointments .
I follow plenty of very promising looking companies , and you could say the same thing about many of them - surely if it was this good , someone would have bought them out or made an offer by now ?
I'm coming to the realisation ( finally ) that the % of companies bought out for a dream price tag is very much the minority . More common seems to be the situation where they run out of money and perish , to be picked up for peanuts , or even just ignored despite having huge promise ( don't disrupt the market reasons ) .
So that's where we are at the moment .
Until Faron start generating cash - and standing on their own two feet - they were always going to be open to attack ( and I think that's what this was ) .
However- they are very close to getting Bex to market in some shape or form , and investors will hopefully see how once that happens , the future pipelines and developments will become hugely derisked financially .
As for sentiment - I guess that will have to wait until March 13th or the next RNS . Market is very fickle in the short term , but all will be forgotten if the SP doubles no doubt .
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