According to p values the chances of phase 1 results being replicated in a larger study are close to 90%. If phase 2/3 study results are similar or improved the chance of FDA approval is pretty close to 100%. You would have to ascribe a probability of less than 8% to justify today's low share price. If you gave the drug a 50% chance of approval the SP should be a minimum of $1.50.
PAA, A New Dawn , FDA ODD Approval and Entering Phase II MND Trial, page-868
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Last
16.0¢ |
Change
-0.010(5.88%) |
Mkt cap ! $77.79M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.5¢ | 16.0¢ | $197.8K | 1.213M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 321166 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 58000 | 1 |
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| Last trade - 16.10pm 20/08/2024 (20 minute delay) ? |
| PAA (ASX) Chart |