One thing we have to be conscious of is that July/August are the summer holidays in the USA. If we are dealing with major pharmas, (and they are far and away the preferred counter parties) they will have several committees to go through and they are likely to have one member on holidays throughout the two months. I doubt we will see any announcement before mid September at the earliest. If we do, it will not be the deal we all want.
Ann: Appendix 4C - quarterly-IVX.AX, page-15
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