In my opinion the main concern with the IND is about de-risking. Until we have an approved IND we can't run a trial in the US. Our original IND application was not approved, so it's obviously more than just a formality. I feel it's a significant box to have ticked and may also be viewed with enthusiasm by the market.
Once we have IND approval we wouldn't need to start a trial immediately if it didn't make sense to do so, but at least we would have passed that regulatory hurdle.
Ann: Race investor briefing invitation, page-18
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