OPT 4.04% 47.5¢ opthea limited

Ann: Opthea reports positive data from Phase 1 wet AMD Trial-OPT.AX, page-8

  1. 438 Posts.
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    Team OPT,

    Good consolidation today. I'm not a chartist but I feel that closing over 60c was overcoming an important mental barrier. I imagine we'll consolidate around here for a few months before more news on the Ph2 enrollment etc.

    Bell Potter has put out a note today for those lucky enough to get access. The gist is that the TP is now up to 82c, (prev. 57c), due to "increased the probability of success assigned to OPT-302 to 23.5% (from 18.5%) and reduced our WACC to 16% (from 18%) based on the Top-line results from the Phase 1 trial."

    Cheers,
    Sol
 
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