The problem with this 4C is the vagueness of it.
Preliminary discussions with partners means nothing while they are preliminary.
Things are progressing well. This means nothing. Things are progressing well is what we were told BEFORE GSK dumped the manual toothbrush.
For a year that is supposed to be tremendously exciting the most concrete news we have had has been negative rather than positive.
Appendix 4C, page-70
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