I am not an expert, I can only rely on 2 things to make my mind up, the company's announcements and the industry player's response.
And at this stage the players, financial and pharma, say " No " to any of IMUs and CHMs assets. And Dr Bec confirmed that they struggled and will struggle to get any reasonable funding. And as in the end $$$ are needed to progress the assets and no $$$$ are available I concluded that it is better to stay on the sideline. How does that make me " mental " is beyond any logic.
IMU today announced another step forward but also said it will enroll up to 40 patients just for that trial. 1 patient = about USD 1-1.5 in costs, IMU as well as CHM need urgently funds which Hopper wasn't able to secure here and who knows whether he will be able to work a miracle over there. Again, financial discipline dictates to take the funds out until the situation improves. That's when I would consider to re-enter. And again, if that makes me " mental " then something is wrong with you guys, not me.
CHM Price at posting:
1.0¢ Sentiment: None Disclosure: Not Held
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