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Let's hope the SP is half what it will be in a month!

This announcement is an attempt to let shareholders know why there has been no update since Feb on the Jannsen dealings. There are hints all through it (I know you have heard them before) that are understated and that will provide interesting reading in months to come for the hindsight readers.

There are none of the blue sky promises of old in that update but there is very useful information suggesting that the data was highly responsive in some areas. I think it is their way of getting the news out to other interested parties that the data was particularly good without breaching any commercial in confidence issues.

The glass is half full version is that Jannsen are wanting to upscale the arrangements with PYC and PYC is making sure there is price tension in the deal.