IMO if the compound testing relates to Covid-19 and it’s positive the share price with hit $1 by the close tomorrow. If it relates to Hep B, the share price with spike to .15 and then drop to .10 by Wednesday. The world wants a cure or vaccine for COVID.
If this announcement was related to COVID this ship has zero leaks, because the price would have been climbing before the announcement. The press would be sprooking a great result and politicians would be back slapping MM.
Compound testing in the July share holder update, mentioned COVID first and Hep B second. Alphabetical? Or in order of priority? Or most likely to garner results first. I hope because of the earlier SARS work, the results relate to COVID-19.
SARS-CoV-2As discussed in the January shareholder update, Biotron has a number of compounds in its library that have shown very good activity against a range of coronaviruses. This dates back to studies we undertook at the time of outbreak of severe acute respiratory syndrome (SARS-1), a coronavirus, back in 2002–2004. Some of Biotron’s compounds showed antiviral activity against SARS. Because that virus disappeared relatively quickly and was not, in the end, a commercial target for therapeutics, Biotron did not pursue that work.In February this year, Biotron began testing a range of its compounds against SARS-CoV-2, the causative agent of COVID-19, to assess whether they can inhibit this coronavirus. This work is progressing well in a series of different assays to assess the impact of the compounds on markers of virus replication as well as immune markers. These assays will provide the best overall understanding of the potential of Biotron’s compounds to treat COVID-19.
Hepatitis B VirusHepatitis B Virus (HBV) is another important early stage program for Biotron. We continue to design, synthesise and test new compounds with the aim of identifying a lead candidate. We are working with other experienced groups to access key assays and are fortunate that this work is not materially impacted by Covid-related shutdowns and continues to make good progress.
Good luck to all. I for one woke last night multiple times and I was thinking of BIT each time, yes very sad. Tonight I expect the same and I’ll be glued to my phone, iPad and computer tomorrow from the time I wake..
BIT Price at posting:
9.5¢ Sentiment: Buy Disclosure: Held
