1AI 0.00% 0.7¢ algorae pharmaceuticals limited

Ann: Preliminary Final Report and 2019 Financial Statements, page-26

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 17,190 Posts.
    lightbulb Created with Sketch. 2428
    Pretty sure thats whats happened. They had discussions with Medsafe and then said they would need further trial data before marketing. No announcement was ever made in regard to the Medsafe discussions and no announcement of a formal submission. Then the news that they had called in experts to review the results which were accepted as "relevant" but didn't meet the criteria for significance.

    So the trial has been declared a success on the basis of safety and sufficient indications of efficacy at the 80mc dose to allow the DSMB to permit a future phase 3 trial. But since Medsafe hasn't given permission for them to sell it in NZ, the patients can't be asked to fund their own treatment. So now it seems they will need to find a someone with deepish pockets to cough up the necessary funding for a trial.
 
watchlist Created with Sketch. Add 1AI (ASX) to my watchlist
(20min delay)
Last
0.7¢
Change
0.000(0.00%)
Mkt cap ! $11.81M
Open High Low Value Volume
0.7¢ 0.7¢ 0.7¢ $13.90K 1.986M

Buyers (Bids)

No. Vol. Price($)
18 3764983 0.6¢
 

Sellers (Offers)

Price($) Vol. No.
0.7¢ 41489 1
View Market Depth
Last trade - 10.57am 15/11/2024 (20 minute delay) ?
1AI (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.