Member Info for WeTookPelham

HI C7, yes I noticed that previously too, all those years of studying, qualifications, skills and expertise required for all of those roles and the renumeration is a joke! And i'm guessing these are market rates too and not Scancell/Nottingham uni being tight?
The government should be boosting salries of those working in the Covid field IMO.

Just to clarify what I meant:

"Desirable skills:
- Experience in bioinformatics data analysis
- Home office PIL qualification and experience with in vivo work
- Knowledge of the Human Tissue Act"

So they clearly need expertise/qualifications in dealing with government/home office, hence this would fit with the human challenges trials I guess? (as well as needing someone like that anyway if the Government does decide to use Covidity)

Going back to those jobs specs (again):

https://jobs.nottingham.ac.uk/Upload/vacancies/files/31301/SCI312520.pdf
"Knowleledge and experience
- Non-viral gene delivery technologies
- Vector design and engineering
- Product commercialization
- GMP/scale up
- Toxicology assessments
- Regulatory experience
Qualifications certification and training (relevant to role)
- PhD or equivalent in relevant subject area. OR near to completion of a PhD
- PhD awarded
- PDRA experience
- PIL licensee course"

https://jobs.newscientist.com/en-gb/job/1401720180/research-scientist-3-positions-available-/

"Desirable skills:
- Experience in bioinformatics data analysis
- Home office PIL qualification and experience with in vivo work
- Knowledge of the Human Tissue Act"

"...But its great that the UK government vaccine taskforce now recognises how critical a good T Cell response is."

Yes, this may be a significant clue RE the government and their thoughts going forward RE vaccines?
All IMO but is the somewhat delayed AGM has been delayed because of beckoning news RE Covidity?

A subtle clue perhaps? Are Oxford Immunotec testing Covidity do we think?
Can't say I've heard their name mentioned before? Anyone?
It's also worth reading their twitter page:
https://twitter.com/OXFDImmunotec

Interesting post IMO...

https://twitter.com/BIA_UK/status/1319200806244069377
*****************************************************
"SCANCELL Retweeted
BIA
@BIA_UK
·
2h
The UK Vaccine Taskforce has chosen Oxford Immunotec to supply T cell testing for its assessment of different vaccine candidates.
@OXFDImmunotec
Britain partners with Oxford firm to assess coronavirus vaccine T cell responses
Britain on Thursday said it would partner with an Oxford-based firm to provide testing for the T cell response of coronavirus vaccine candidates to try to assess their immune responses.
uk.reuters.com"

Thanks @Chester18.

I should have been clearer, it's the specific dates I'm interested in.
@chester18 "...Once this OO is out of the way next week and we move towards the AGM I think Scancell will start to release some of the news we are all waiting to hear"

"..Once this OO is out of the way next week " I just wanted to confirm this particular date?

Can someone please clarify when the matters of the open offer will be concluded? I.e. when Scancell will have the funds to play with? Is it Nov 6th?
https://www.lse.co.uk/rns/SCLP/proposed-investment-by-redmile-and-open-offer-3q623fszzcs2uo2.html
I'm guessing trading will be quiet until the open offer is resolved? Or is it the fact people are waiting for the money to be taken by their brokers on the certain date? (incidentally is this the same date for everyone or will brokers differ?)
Basically can someone summarise the key dates regarding the Open Offer and Redmiles new investment pleeeease. Thanks.

Forgot to add, Scancell's/the DNA approach seems to look better and better?

https://www.huffingtonpost.co.uk/entry/covid-strains-explained_uk_5f86d25ac5b6c4bb547194f2

https://www.gisaid.org/epiflu-applications/phylodynamics/

Yes, how late can they leave this?
I'm hoping they are delaying so they have some nice (big?) news to talk about by the time the AGM comes around. What are peoples thoughts RE it talking so long?

@moonparty, wasn't their an offer in 2015 or something like that that wasn't acceptable, and yet we only found out long afterwards via Richard Goodfellow. So IMO I don't think they tell us shareholders unless they are actually considering accepting an offer?

I do keep wondering if Covidity is the trigger?

Whilst we don't know (or will ever know) if the £30m new invetment was pre-planned or a knee jerk payment, there is a couple of things we do know for certain:
1) Deal singed with Cobra to produce the vaccine
2) 6 new science recruits for Scancell/Notts Unibersity, and 1/2 of those specifically for the Covid vaccine (seems to be some overlap?)

Hypothesising, but I'm wondering if the government have said we need to get Covidity in trials ASAP hence all this background action? I'm assuming Scancell/Notts are in regular contact with Innovate/the government?

Apart from the Innovate funding RNS and the same usual updates we get about it in every RNS since April, I don't think we've had any new news specifically about the "progress" of Covidity have we? Suspiciously quiet if you think about it?

Thanks Chester18, another great post!

"...Redmile probably approached Scancell already knowing what their end game was and who they would tie the other end of the deal to".

Never thought of it that way, that is a very good point.

HI Chester18, can you expand on that please?

Stolen this from advfn/Bermuda, his thoughts on the new investment, makes sense and quite reassuring too:
"17/10/2020
13:24 bermudashorts: Regarding the lse discussions on the reasons for a 2nd round of funding from Redmile. I think it's likely that the intention from outset was always to invest up to £50m (possibly more) and that the original discussions and due diligence were carried out on that basis.
There could be several reasons why the deal has been structured in this way, not least because carrying out the whole subscription at 5.5p would immediately have sent Redmile way over the 30% rule 9 threshold.
It also would have been very poor value for shareholders. So I think the plan right from the start was to raise the initial amount back in July and then carry out a second round when they could.
So in a way, this isn't IMO another separate round of funding with a different investment case for Redmile - it's just the execution of the next stage of the original and to answer Chester's question, nothing has changed."

@LochinvarLass - RM?

Thanks AB1234.
I think what my (and Violindog + rattcliffewriter) query is about the timing of the new investment. Why didn't they do this in the beginning with first investment after all their due diligence. Why now and why so soon after the first investment?

Also, as mentioned before, this seems to be following the Redx Pharma investment pattern?

Great posts @Violindog and @RatcliffeWriter, that is the question, what has changed for Redmile to pretty suddenly invest more? @rw, I think you make some great points.

"...but IMO to put two increasingly large fundings into Scancell in a short space of time makes me think it could portend something very significant in the shorter term as well as the longer term" I agree with you on this.

Also, a very simplistic and ill- informed question on my part (so apologies in advance), but could it be as simple as someone wanting to buy the whole shebang and Redmile simply saying they want to have a bigger slice of the pie prior to any deal?
We know some of the recent deals have been huge for similar types of companies:
https://www.gilead.com/news-and-press/press-room/press-releases/2020/9/gilead-sciences-to-acquire-immunomedics
https://www.immunomedics.com/our-science/pipeline

We know that a global pharma is testing out one of the Scancell mabs products, who's to say they've now decided they want everything Scancell has to offer? Everything has a price after all.

Also no mention of (now cash rich) BionTech in yesterdays RNS, but i'm sure they and Scancell in still in cahoots in one way or another, surely?

@violindog, RE redmile and Covidity, wasn't Covidity announced in April, and Redmile's first investment in July? You'd think there would have fully aware of Covidity before finalising/signing off their first investment internally? Hence why I think this recent new investment has been caused by a sudden new outside "input".

All IMO.