New found optimism?6 Nov 2023 09:42
"New-found optimism in the share from 1st Nov? Of course there is."
No there isn't. There is still the same optimism, as existed when we received our last update in late April 2023.
On April 27, when we discovered that there were no "concrete" proposals for BP partnerships or Platform Trials, and we were told that:
" Additionally, we plan to assess SNG001 in immunocompromised patients who are particularly vulnerable to respiratory viral infections, ventilated patients with confirmed viral pneumonia, and also those who appear unable to clear virus and become long term "shedders" and mutation hosts.
The plan will start with a series of focused, investigator-led/Synairgen-sponsored studies, using existing resources, which are intended to lead towards a Phase 3 registrational programme. Preparation is underway for these focused trials to initiate in H2 2023."
Since then, there have been resignations from the Board and Leadership Team, two Senior Appointments to the Leadership Team, and a peer- review of the Activ-2 trial was published. All the data that was collected during previous trials has by now been extensively analysed and presented at significant venues.
However, there is no new found optimism. That can only follow a reset to the share price, which is currently hovering around 12- month lows. Our optimism, such as it is, rests on progress with the "new" plan, which was issued over 6 months ago. I look forward to an update, which will probably emerge sometime during H1 2024?