I wonder whether or not this announcement was more for the benefit of Gradalis than it was for the ASX? It makes no mention of any possible commercial arrangements between the two companies. The announcement could simply be BLT subtly telling Gradalis that bi-functional shrna is still shrna (if only in part)and so they are not off the hook from a royalties perspective as far as BLT is concerned. A bit of posturing maybe?
It certainly generated some interest which was the added bonus. If it is a slow news day we may even get some additional press, on TV maybe?
BLT Price at posting:
57.5¢ Sentiment: LT Buy Disclosure: Held