Our SP two years ago prior to the collapse of the Elanco option was circa 20 cents. One can only wonder where the SP may have settled if Elanco said yes. Perhaps we might have had a dollar symbol in front.
Things are a bit different this time around. It all depends on the shape of the doggie partnership. Mr Market is more cautious of PAA given our track record.
If we secure a partnership deal for Phase 3, it will drive market interest because of the significance of this for our future program.
We may not see a dollar symbol straight away, but at very least we should be in the 15 - 25c range which will become our new launchpad.
All my opinion only...
PAA Price at posting:
7.7¢ Sentiment: Buy Disclosure: Held
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