It could be either but definitely not a negative!
I would love to know (if anyone has the answer), what is the exact process with regards to trial results becoming known to the company.
There's been a fair bit of conjecture as to whether BOT already knows the results are positive (or at least has an incling). I feel like this is unlikely for a few reasons:
1. That's the point of a trading halt, to prevent results from being leaked once they are known. If BOT already knows the answer that would negate the purpose of a trading halt altogether.
2. The trial was double blinded, which means no one during the trial knew if they were on 1801 or a placebo. MRSA isn't a visible thing like acne so the patients wouldn't know themselves if the drug has worked or not.
3. I don't think Botanix are the ones actually conducting the trial (could be wrong). Usually they're done in partnerships with universities that have the correct equipment / facilities. So the results are being collated by a third party - Would they communicate results to BOT pre maturely? Seems like bad practice.
I think BOT only knows the results of the trial upon trading halt being announced. What are other's thoughts?
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Last
34.0¢ |
Change
0.030(9.68%) |
Mkt cap ! $666.7M |
Open | High | Low | Value | Volume |
31.0¢ | 35.0¢ | 31.0¢ | $3.702M | 11.12M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 278570 | 33.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
34.0¢ | 50000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 257100 | 0.335 |
8 | 371349 | 0.330 |
6 | 263690 | 0.325 |
6 | 290115 | 0.320 |
7 | 489887 | 0.315 |
Price($) | Vol. | No. |
---|---|---|
0.345 | 115000 | 3 |
0.350 | 149326 | 6 |
0.355 | 153000 | 3 |
0.360 | 83860 | 6 |
0.370 | 260842 | 4 |
Last trade - 16.10pm 04/07/2025 (20 minute delay) ? |
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