Most drugs takes up to 12 years for registration and it is a long process:
https://www.medicinenet.com/script/main/art.asp?articlekey=9877
-The lengthy clinical trial process is designed to assess the safety and efficacy of a drug prior to commercialisation and a significant proportion of drugs fail one or both of these criteria. Safety is paramount in this process and can take time.
-As you know, investment in biotechnology is regarded as a speculative one, which is why forward-looking statements are included in each announcement and every corporate presentation
-There are external variables which can affect all stages of the drug development process
-Noxopharm continues to collaborate with highly regarded organisations and research institutions both in Australia and globally
and I am confident they along with my fellow shareholders are happy with the progress of Veyonda, despite the current share price which I will concede is disappointing and to my mind does not reflect the true value and potential of the company.
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