The reality for this company is that if they haven't broken through within 3 more years it is likely to go nowhere.
My personal view is that I am sure RCE are looking for a big name partner to do a larger study in the USA. One mechanism for their involvement is that, the partner buys into RCE with capital - say takes 20% stake of the Company. That capital and existing capital provide a large runway for trial expenses, ALL of which is allowable under the R&D announcement yesterday. So the investing partner effectively gets additional free money from the Australian government to push along product development. A pharma with an interest in this space would see the Aus government funding as a massive free kick. I still see a deal being done with someone within 6 months.
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1 | 270 | 55.0¢ |
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2 | 10978 | 0.540 |
1 | 13010 | 0.535 |
2 | 2441 | 0.530 |
1 | 3846 | 0.520 |
Price($) | Vol. | No. |
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0.560 | 153611 | 1 |
0.595 | 66989 | 3 |
0.600 | 61111 | 6 |
0.605 | 2000 | 1 |
0.610 | 20000 | 1 |
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