I personally don't have any expectations that we will have additional responses, if additional responses are announced than that would be fantastic.
I have the expectation that the final readout for the PTX-100 'phase 1B expanded cohort' will generally be a summary of the already known results over the past years.
I think if we see a final readout without any additional icing, the market should not interpret this negatively.
I think we will see traders rubbishing what they do not understand, nor have the need or want to understand...This is my expectation.
I think we will see smart investors recognizing that the PTX-100 results to date, are already superb and likely to see the drug granted straight to a registrational trial in Q1 or early Q2 of 2024.
So if PTX-100 has at the most, maintained it's excellent safety profile (the purpose of phase 1 trials)... I anticipate that when the bath water settles post final readout that the water will steadily rise as a registrational trial is increasingly likely to be approved in the near term.
The cancers that PTX-100 are targeting are very grave, there is an unmet need...A registrational trial will be a big deal for investors, a big deal for patients and cancer sufferers. It should serve as a huge leap for the company and the market cap should reflect this not withstanding the general macro environment outside of our control.
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