But this is not the same as putting it all on black. There has been nothing but success to date across multiple diverse trials. If there is a lack of success it will first happen in one aspect of 1 trial of 1 tech. We have 6 trials going or commencing across 3 separate techs. We will have at least 1 more currently on our shelf (mimatopes) announced in say the next 6 months. Also at least 1 more collaboration to be announced in say the next 2 months. Both flagged by lc in latest interviews.
This isn't roulette because it isn't a binary setup. In fact it is diversified and and partially derisked, and these two aspects continue to expand at pace. If you can stomach going from 50c down to 37c (as I easily can) then if we have bad news in 1 trial you can reassess and exit. Until then imo it's illogical to take a dime off the table because of fear with successful fundamentals unchanged. What if we have more complete responses with pd1vax cohort iii and our SP tags 75c? Do you sell then because the company just keeps going too damned well. It's just getting too successful so I better sell it! Madness imo. No, I will hold until fundamentals change for the worse not for the better. If that means I hold forever then I am happy to do that. Indeed, it is my preference.
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