ALA 3.57% 13.5¢ arovella therapeutics limited

This looks to me like a "read between the lines"...

  1. 272 Posts.
    lightbulb Created with Sketch. 43
    This looks to me like a "read between the lines" announcement.

    "technical challenges with the pilot study in the hands of Arovella's contract research partner" - reads to me like the company completing the trial haven't captured enough data or missed some important milestones during the process.

    "Scientifically, the collaboration is exciting and may provide a treatment pathway for patients with very few options" - reads to me that they are still very confident and happy with the results they have received so far but let down by the capturing of the data.

    "We will continue to work hard to generate robust in vivo data. However, we need to ensure that the data generated is of the highest quality" seems to cement my thoughts above.
 
watchlist Created with Sketch. Add ALA (ASX) to my watchlist
(20min delay)
Last
13.5¢
Change
-0.005(3.57%)
Mkt cap ! $141.9M
Open High Low Value Volume
14.0¢ 14.5¢ 13.5¢ $47.47K 339.8K

Buyers (Bids)

No. Vol. Price($)
9 397943 13.5¢
 

Sellers (Offers)

Price($) Vol. No.
14.0¢ 66403 3
View Market Depth
Last trade - 16.10pm 15/08/2024 (20 minute delay) ?
ALA (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.