It could be either but definitely not a negative!
I would love to know (if anyone has the answer), what is the exact process with regards to trial results becoming known to the company.
There's been a fair bit of conjecture as to whether BOT already knows the results are positive (or at least has an incling). I feel like this is unlikely for a few reasons:
1. That's the point of a trading halt, to prevent results from being leaked once they are known. If BOT already knows the answer that would negate the purpose of a trading halt altogether.
2. The trial was double blinded, which means no one during the trial knew if they were on 1801 or a placebo. MRSA isn't a visible thing like acne so the patients wouldn't know themselves if the drug has worked or not.
3. I don't think Botanix are the ones actually conducting the trial (could be wrong). Usually they're done in partnerships with universities that have the correct equipment / facilities. So the results are being collated by a third party - Would they communicate results to BOT pre maturely? Seems like bad practice.
I think BOT only knows the results of the trial upon trading halt being announced. What are other's thoughts?
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16.5¢ |
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Mkt cap ! $323.5M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
7 | 419391 | 16.5¢ |
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Price($) | Vol. | No. |
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17.0¢ | 1319082 | 17 |
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No. | Vol. | Price($) |
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7 | 419391 | 0.165 |
73 | 2422125 | 0.160 |
51 | 2002512 | 0.155 |
89 | 2679561 | 0.150 |
61 | 2185663 | 0.145 |
Price($) | Vol. | No. |
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0.170 | 1219082 | 16 |
0.175 | 1852580 | 36 |
0.180 | 2045370 | 37 |
0.185 | 1607767 | 25 |
0.190 | 2167709 | 23 |
Last trade - 16.10pm 10/07/2025 (20 minute delay) ? |
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