The Barrow MEG removal is a disaster, you would have to think that CMP has no future in MEG. The worlds leading Neurology center has said, "thank you, but no thank you". I would also assume that Tianjin Normal University will be thinking about cancellation.
One of the two potential transformative engines has gone, it all comes down to SOMFIT and it is clear this is going to be a long slow road. I honestly don't think they can commercialize it themselves, they need to sell or license it to someone who knows what they are doing. If they cannot get traction with SOMFIT and make a pivot towards profitability rather than R&D then there is some upside from here, 50% to 75% perhaps. However I am not confident that this is what they will do.
CMP Price at posting:
18.0¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)