RE: Panmure Liberum18 Nov 2024 10:25
CrustyPete, re funding etc - this is from Trinity :
Trinity Delta view: Data from the SCOPE study are reassuring and pave the way for the planned randomised adaptive Phase II/III trial. Assuming continuing positive results at week 25 for both Cohorts 1 and 3, investor attention will understandably centre on the funding of this potentially pivotal study. Our forecast cash runway extends to Q325, beyond these SCIB1/iSCIB1+ milestones and Modi-1 data in H125; however, our cash assumptions do not include any potential licensing deals for the GlyMab and/or AvidiMab antibody platforms. We note that the seven-month evaluation deal with an unnamed partner could result in option exercise in Q125, which could trigger a similar upfront payment and licence deal to that struck with Genmab in October 2022.
So....£5 odd million if the unknown company take the licence after the evaluation - will will know the result shortly - and with a cash runaway until Q325, if there are no deals Scancell would need to rattle the tin at least a couple of months prior to Q325. So its all down to the managements ability to do deals . Funding as always the millstone around Scannell's neck.