SPL 1.00% 9.9¢ starpharma holdings limited

What is the downside risk? Is it that we get 0% of something...

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    What is the downside risk? Is it that we get 0% of something big? Is it that we get 22.5% of zero? If we're doing the maths does that make the downside 0 because you keep repeating we've taken on all the downside risk.

    I don't see this partnership as materially positive, we have been provided with an additional small probability of success in many years time, that's still better than where we were last week.
 
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