RE: Worsening position1 Aug 2024 15:27
I do apologise, it was 5 months ago.
Scinv_temp
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Price: 10.15 No Opinion RE: Exciting 2 Mar 2023 13:50
These are the next steps as I see them: Company says at some point that they had some interest from pharma but they asked for data specifically for the indication they are after. Meaning that for flu for example they would have to do a phase 2 specifically to prevent/treat flu complications. Because otherwise, why would they fund somebody elses asset when the could be funding their own? This means they will have to do a placing, get millions from investors and then plan and execute said phase 2 for the next 2 years or so. If that trial shows something others have not seen before (and they have tried) then they will have a chance at getting something out of it, maybe 2-3 times cost of trial and single digit royalties from sales if aforementioned pharma actually gets to approval. Another scenario is they outlicence to another small biotech or fund for 500k to 1M and low single digit royalties if the other party actually gets to the finish line. These are the only good scenarios that I can see. The bad one (and it does happen) is they ask millions from investors, spend half for a sloppy phase 2 and use the rest to keep the company going for a few more years. Imho
But here is another bit from 21 months ago.
Scinv_temp
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RE: RNS out21 Dec 2022 11:25
By the way, pharma doesn't typically do validation of drug targets as a collaboration with 3rd parties . That means next step is either doing an academic collaboration with a lab for validation (in return for royalties and/funding) or paying a cro to do said validation. That means its unlikely you'll see actual pharma involved in any of their target discovery projects next year, which is what you expect, isn't it?