It seems amazing still that again they raised last round of funds with no discount. And then to see it fall to recent levels after. I think everyone is under pressure to achieve something significant from this current round. With the number of shares on issue now we desperately need something to generate interest even if only to be able to sell out. Only excitement in the last 5 years has been omomyc trials that were pivoted away from and genentech extension that turned out to be a 2 million payment for approx a future 4 years of work to end of 2019 with no guarantee of further payment. Will be interesting to see how that one goes at end of year considering it also seems to be something we pivoted away from in favour of ASO's. I would think it would still be a foot in the door to keep genentech interested in all current work maybe so still of value.
PYC Price at posting:
2.6¢ Sentiment: Hold Disclosure: Held
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