RE: Buy, Sell, Hold - it's your decision4 Jul 2024 17:17
@Elynn 15:44
"The fully blinded data set had emerged encouraging, but many a management team’s hopes could be dashed when the blinds came off. We kept potential suitors engaged, and made Plans A, B, and C for how to proceed, depending on the data. It was Thanksgiving 2022 when the first headline data came out. The data blew past our highest hopes (full data set shared publicly at AAD in March of this year). Within two weeks from the unblinded data, we had a handful of multi-billion-dollar term sheets to consider, and everyone knows the conclusion. Takeda has simply been an outstanding home for our TYK2 program, aggressively pushing toward in multiple immunology indications.
The transformation from zero to hero was so quick, one needed physical therapy for whiplash. In less than four months, we went from very challenged financing to highly celebrated acquisition. Our industry is in a tough spot right now, one of the toughest since the financial crisis of ’08-’09 (when Nimbus was founded, incidentally). Despite this pressure, a few truths stood out then as they do today: pull together as a team, focus on the fundamental science, put the patients need first, remain strong, and figure out a way to fund it. Play the long game and believe in your mission: – for those that do, despite the crowd saying otherwise, I say to you: grit your teeth, keep calm, and science on."