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7.4¢ invex therapeutics ltd

Ann: Phase III Clinical Trial Update and New IIH Market Analysis, page-109

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SSilverstein

795 Posts.

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28/06/23

19:29

Post #: 68520681
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Originally posted by TheDerivative: ↑

I agree with you, I am very disappointed but alas there is still $22M in the bank and years of work on this drug.
There is plenty of scope with TBI and IIH is not going away even with Ozempic.
All is not lost. Hang in there. They've put out the release with the information they had and thank fully have done it now and will pivot from here.
I don't know about directors buying and selling. If i was a biotech exec i wouldn't be throwing in my hard earned given the current macro sentiment around biotech.

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I could eat my words here, but I really don't think ozempic is relevant here. It hasn't been shown to reduce ICP and presendin hasn't been shown to aid in weight loss. The issue in my opinion is lumbar puncture and the prospect of being on a placebo for 24 weeks. Coupled with the currently rigorous diagnostic criteria to admit patients as I said a few days ago. If management decides to half the trial size and admit a wider variety of patients *hopefully* it will still show efficacy

IXC Price at posting: 22.0¢ Sentiment: Buy Disclosure: Held
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Price($)	Vol.	No.
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