Yeah I have to agree, market perception of us isn't great at the moment and hasn't really been wonderful for some time.....we have been pushed around a lot in the school yard of share plays...but things will be different at final exam time...that's when our colours will shine and we will start to become heavily in demand.
Yes the science is borderline perfect.
Yes the science stacks up and is novel, the way it works, the results it garners and the sheer broadness of effect spanning multiple pathways.
But where is our revenue?
Where are the time lines coming FORWARD?
Yes the market is forward looking but not
that forward looking...well at least not yet.
On top of this we have cash burn...it may ebb and flow but eventually we will need it one way or the other.
The market without any history of revenue, any deals and commercialisation aspect, is more negative than positive and thus we find ourselves sinking along with a number of bio plays in my views.
However, as TheAnalyst007 mentions back there, this can change on a dime. One deal....a couple of large buyers...can change this quickly.
Once larger funds, analysts and indeed other Pharmas understand what we have and how potentially close we may be....we ain't going to be dawdling around these price levels, there will be catch up....on some days it could be prolific. We will all wonder what's happening and who is buying.
I'm getting a sense slowly we are starting to make some ways, it may not be too obvious yet...but there is more and more evidence that's showing up...the recent NFL comments is just one example. There are big fish starting to take an interest. This will only increase specially as the programs of OA and MPS continue....MPS VI results at the end of the year will help.
Final 008 12 month will also be additive...yes it may only really be clinical measures but it will definitely assist. Separation between the placebo and actives, Rescue Medication comparisons:
While predominantly clinical endpoints at the end of 008 (12 months) are to be measured, there are still the above observations being analysed in addition to pain and function. Rescue medications along with PGIC, will be very insightful for the authorities to show them that we aren't just a 6 month fly-by-the-night wonder drug, we have lasting effect over a full 365 days, how does that compare with the placebo group?
Don't forget 6 month 008 data. Yes of course we have already seen it, but what we saw is but the very top layer of the icing on the cake...the rest of the cake is as or more delicious!
This data takes time to compile and sift through, PAR will know how to present it, they are good at that. Let them take their time to present it well...once those discussions happen, then lets see where we stand.
DYOR important
(20min delay)