PAA 10.3% 17.5¢ pharmaust limited

PAA, A New Dawn , FDA ODD Approval and Entering Phase II MND Trial, page-979

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    Yes this is exactly why you add SP value along the way, to give buffer for erosion. I do think management failed to deliver any value on ODD and Healey but that is in the past, now we strap in for the turbulence and hope that this doesnt turn into a phase 2 fizzer as its not looking great for being able to take some risk off the table in the medium term.
 
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