Ann: Phase 1 onCARlytics Trial Advances to Combination Arm, page-67

Hi TB / Manny, & anyone else who has the same question about 'why' is there a drop in SP after a PS announcement which is actually good news.

I have a theory and its to do with the cost of progressing to the next phase of the trial. So on open today based on the close from yesterday the market cap was around the $800 million mark. Although todays news whilst great that this part of the trial can progress it means its guaranteed to cost XYZ to get to the next phase, if im close to being to close on this then the bean counters have factored in the cost of the next part of the trial and judged the SP and market cap accordingly knocking it back just over $30 million, not exactly the cost of the next phase but factoring in the next phase and cost to the bank balance.