OPT 1.37% 37.0¢ opthea limited

Cash on hand, page-2

  1. 104 Posts.
    lightbulb Created with Sketch. 88
    First with regards to P3 enrollment:
    From the Annual Report 2020/2021:
    "Over an approximate 18‑month period, both trials will each enroll approximately 990 patients."

    18 months enrollment from start Mar 2021 => Full enrollment Sep 2022
    12 months follow-up from Sep 2022 => read-out 4Q CY 2023 rather than official wording "of reporting Phase 3 topline data in 2H CY 2023"

    Second with regards to funding:
    From the Half-Year Report Dec 2020:
    "The proceeds of the financing will primarily be used to progress OPT-302 into the Phase 3 clinical program."
    => "into" unequal to "through"

    From the Annual Report 2020/2021:
    "The proceeds will primarily be used to progress OPT‑302 in pivotal Phase 3 registration trials."
    => again "in" unequal to "through"

    I doubt existing cash will last through YE 2023 at current burn rate of approx. AUD 45 MN / USD 30 MN per half year. A CR before P3 topline data seems hardly evitable.
    Any thoughts? @whytee? Others?
 
watchlist Created with Sketch. Add OPT (ASX) to my watchlist
(20min delay)
Last
37.0¢
Change
0.005(1.37%)
Mkt cap ! $403.8M
Open High Low Value Volume
36.5¢ 38.5¢ 36.0¢ $606.6K 1.610M

Buyers (Bids)

No. Vol. Price($)
5 75584 37.0¢
 

Sellers (Offers)

Price($) Vol. No.
37.5¢ 33006 1
View Market Depth
Last trade - 16.10pm 12/07/2024 (20 minute delay) ?
OPT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.