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Currently operating as a virtual Biotech Company, ValiRx out-sources all testing of current evaluation and pre-clinical projects to a wide range of external contract research organisations (CROs). The Company is of the view that this fragmented approach to early-stage drug development is non-optimal and is assessing options to acquire capabilities and infrastructure to create a more efficient and effective translational drug development service. Operating as a wholly owned subsidiary company, the prospective integrated services entity would be used for both in-house projects and offered to third parties, such as the increasing number of innovative biotechnology companies. The revenue generated from providing pre-clinical development services would enable continued investment in advanced testing and analysis technology and support the progression of ValiRx in-house pipeline projects.
Is it possible they are looking at some sort of collaboration or making an offer for PYC?
I can see 27-28p by the end of the day if it follows normal sp trends. Lull at lunch and then a rise into the afternoon from 3pm onwards. Should be in the 40s before news anyway. Madness at this price for everything we have. Another cheeky top up at these bargain basement prices. Cant get any under 24.9p though!
Great point PM. Suzy has been very clear that she wants investors and not traders for the future of the company, so highlighting all that is going on with the company just before she knows the deal for 201 is about to drop to try and deter people from bailing on a spike. Good point indeed PM. Good times ahead.
Does make me smile when this is on the company website - ValiSeek is ValiRx's Joint Venture Company, formed with Tangent Reprofiling Limited (a SEEK group company) in 2014 with the purpose of rapidly progressing VAL401 through development. ValiRx currently holds 55% of ValiSeek.
'Rapidly' progressing? Literally haven't heard a thing about it for ages and ages. Have they been raising the funds for 2 years now with no news or progress updates what so ever.
To be fair to Spiros.c she said by December, then at an absolute long stop end of Q1. We are now in March. Long stop fast approaching so has every right to ask questions. After all, he does own part of the company!
George, now do please take this the wrong way, but a drunken old, out of shape wind bag that nearly has a heart attack on his stena stair lift to bed every night Vs a life time Scaffolder! Place your bets now please. I am giving odds of 1/3000000000000000000000000000000000 if anyone is interested...