I don't see the patent grant as justification for a significant re-rating. It should be taken as another positive sign of where we are headed though. How people manage to spin it into a negative is beyond me. The price may stay the same, but I doubt it will drop below 1.5c
Consider, for a moment, exactly what 1.7 cents gets you:
- ATL1103 entering Phase 2 with explicit interest from an international pharma
- ATL1102 fully funded by a Chinese Biotech Academy with a shot at the Chinese market
- ATL1101 for cancer. Enough said.
- Collaboration with a Big Brother in the US (ISIS) breaking new highs and soon to be validating antisense technology
- Operating cash and working capital well into 2014
I'm pretty happy with what 1.7 cents gets me. Patience is key.
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