The thing is, it's obvious that a deal post successful phase 3 will be worth more. But the ann almost makes it sound like a revelation! After months of work, Torreya have come up with the bleeding obvious!
The down side of course is we carry a bit more risk.
Personally I don't mind, but I've taken good profits in the past and am free carried. The person who bought at $3 a few weeks ago might not be so pleased!
Ann: Neuren to capture substantially greater value after Phase 3, page-48
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