Sounds kinda naive/self interested - but the best corporate and strategic defense for PYC is a rapid rise in its share price to close the 3x valuation differential between comparative US peers - before we:
1) announce the CNS candidate 2) file for IND and before we do a deal or cap raise.
A $0.48 to $0.64 valuation for PYC by Christmas puts us in the A$1.5B-$2B MC range (I.e. US$1B+ category) driven by 2 catalysts:
1) Tox NHP success for VP-001, nearing IND 50% probability ascribing milestone 2) Synergistic value translation to VP-002 - I.e. validating PYC delivery platform
As investors, similar we have a dual challenge:
1) Scientific translation challenge - convincing the market that our dual platforms have a pre-clinical stage edge underpinned by our unique ‘actual’ patient derived tissue engineering workflows/models of efficacy (structure + functional) - I don’t think our competitors have this, and I believe we are underselling our relative position in having a moat to to bridge pre-clinical and clinical (potential world first if repeatedly and scaleable between multiple ocular lead candidates)
2) Valuation translation challenge - I think where we can do better is to actually convince on market buyers of PYC ASX traceable securities of the above scientific edge / value - as well as prospective future Bio banks / partners. We need simple concrete translation - be it a simple broker report (ideally tier 1) where a leading followed life sciences equity analyst /researcher slaps a $0.70 valuation based on current data/facts/near term milestone.
Getting PYC to $0.70 ASAP is the best corporate strategic defense and to position us to leverage 1) future partner deals 2) self development/expansion of dual platform ie 10% cap raise at $0.70 = $200m war chest to develop CNS and other candidates
Investors operate on many levels and consume differing levels of data/research - so it’ll help if we can all simply arrive with confidence that PYC is worth about $0.70 if one were to deduce all data points available today
PYC Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
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