I reckon that if someone is somehow able to invent and trial a new FTO inhibitor ahead of Xantrene (which is massively unlikely) then someone else will instantly snap up Xantrene to ensure they're quickly to market - so it's a win either way.
Alternatively, IMHO should someone even get one into the clinic then someone else will rush Xantrene to get to market first.
A friend of mine strategised this last May, and I tend to agree with him.
Ann: Trading Halt, page-87
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Last
$1.66 |
Change
-0.040(2.35%) |
Mkt cap ! $282.9M | |||
| Open | High | Low | Value | Volume |
| $1.69 | $1.69 | $1.66 | $59.92K | 35.95K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 370 | $1.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.67 | 1376 | 2 |
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| Last trade - 11.32am 18/09/2024 (20 minute delay) ? |
| RAC (ASX) Chart |