RAC 1.94% $1.52 race oncology ltd

Ann: Trading Halt, page-14

  1. 5,159 Posts.
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    I immediately think of Peter & Firebrick’s nasal spray also .
    Though I hope he doesn’t leave Race completely.

    Betadine’s simple efficacious sore throat gargle - is Peter’s baby , and has the world leading reputation for throat infections for localised rinse & gargle use .

    There is enormous work to make it safe(er ) for health professionals to be working on and resuming normal treatment workloads once more .
    World and Australiam protocols have been agonised over since early February -for health professionals to be able to continue to treat patients. And not invoke liability or even be gravely negligent in protection. Mainly it’s about safety for the health workers and patients- very difficult to fully ensure .
    The only insurance is to have no or minimal levels of the virus in the community . And protect everyone as much as possible .

    PPE gear adequacy is totally controversial . It is No 1 after protocols for acceptance of patients ( if they’re in pain or have an acute condition or trauma they still must be treated anyway ) .
    Professionals and nursing staff cannot be kept back from everyone . General surgical masks are gravely insufficient as protection against catching the virus .
    And then what happens once the health professionals go into a room , or wherever they remove their outer gowns and protective equipment and masks . Covid -19 lingers in the air where even protective gear is removed let alone around the patients.

    An example of key vulnerability- ENT & dental patients.
    Dental patients I know are required to pre- operatively rinse - Twice , prior to being allowed in a dental chair , and only after full protocols. Solo attendance for treatment is required ,a thorough questionnaire & temperature checks & hand sanitisation on entry . Then again, prior to entering operative areas , hand cleaning again and a further targeted mouth rinse - while being isolated from others within every health practice.
    This already occurs .

    Health professionals everywhere have to routinely get close to patients to treat them .
    ENT patients and dental patients, and opthamology and dental hygiene patients most particularly as ultrasonic instruments are used . Immediately water and air and aerosolising viral particles in the mouth . Plus the patient is breathing in and out through their nose . The nasal passages & sinuses also contain millions of covid -19 virus particles if the patient is a carrier .

    Even if precautionary measures are undertaken , localisation of the field included - people are still breathing the virus out of their noses and mouths if they have the virus .

    And the primary means of contracting it in a health setting is via the nose . As hands / gloves / personal measures to not tough or spread infections , as well as all surfaces disinfection is already very stringent always .

    Masks cannot protect most health workers or professionals adequately .

    Peter could well be - think is likely , that he is suddenly thrust more into managing the really urgent scale -up of Firebricks nasal spear preventive , & protective spray for health professionals?
    ( I did manage to read this article on the weekend - can get NY Times access for free , but must sign up ) :



    This is a Covid -19 type wildcard which has come up for him .
    Suddenly more than a developing sideline project .
    My thoughts . https://hotcopper.com.au/data/attachments/2164/2164494-4245f3b8a98694c90f0f393fe7d2ebc3.jpg

    All of this - right when Race oncology is on the verge of results from the Israel trial but has setup incredible partnerships with some of the best cancer treatment specialists, legendary cancer specialists even ,in the US & France .
    And with top, world renowned research treatment centres .
    As well as Race is working Fulltime , with new significant employees , to initiate leading trials in all of the 5-pathway priorities for trialling of Bisantrene. ..
    I’m suddenly thinking how could Peter possibly have the time to fully do justice now ? I’m hoping no health imperative .
    Travel and meeting up has certainly become more complicated.
    Australian management must stay in Australia & the American CEO and top researchers and board members in New York / US and specialists linked in Europe and Israel also all must stay home in own countries and jurisdictions now .
    For the foreseeable future .
    It is more complicated- I can think he actually has plenty to keep him fully busy .
    Peter must have effectively worn out a seat on airplanes when he was head of Southern Hemisphere for early days Pfizer .

    Friday’s announcement took me personally by surprise - fantastic .
    Very happy to see breast cancer patients , as priority for Bisantrene trials !
    And an excellent, highly supported local research centre at Newcastle to lead the way in conjunction with their other key compelling work already being undertaken there . Very proud breast cancer oncology centre team at Newcastle .

    Ill stop . I’m sure this has occurred to most other longterm holders here as well .

    As an aside - but relevant —
    I actually bought “Peter’s” betadine throat gargle in February. Thinking to get ready in case of Covid -19 !!

    I bought the concentrate .
    It’s incredibly good value . (1ml :20mls water , easy to measure )
    And a long expiry , keeps several years , safely , several dollars < $10 cost retail . ( $8-9 max - but likely cheaper in chemist warehouse )
    https://hotcopper.com.au/data/attachments/2164/2164496-84c38b47f1e4c74240f7717dab39387d.jpg


    Like everything Peter has done .
    Very effective & safe , not expensive to produce , for a significant market and unmet need . A ‘market ‘ that was being created and supplied into with a lot of bigger drug companies ill-advised and with side effects risks medicines, until 15-20 years ago .

    He is a good man .
    But I think all of the team , in Race oncology , are good and highly competent , experienced and qualified people .

    We will have to trust the company .
    I hope Peter Molloy is okay. He certainly has performed at a very high level, especially in the last 3 decades .
    He continued , into unserviced treatment areas - with need for better management.
    He more than anyone understood how brutal the drug / “pharmaceutical “ world was .

    Excellent, best and better treatments have fallen through the cracks - all the time , always , but especially in the 1990s—- .
    The start of this large corporate era .
    So much has been retrograde and gross over- treatment .

    Best / better treatments , and even less or non-systemic (& was even existing deleterious) medical treatments , were not supported - dropped , not commercialised - way too often.
    Better medicine was not supported in favour of large pharmaceutical companies competing for market shares & protecting their own income streams . And then producing and selling as much as they could , in the cheapest possible way ultimately to maintain profit margins. America became the home of $100 billion pharmaceutical behemoths .

    He is a good man for sure .
    We wish him well , but also want what is best for the company also I guess .


 
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