Hi Bogan -
As we've seen with PAA time and again, excellent scientific outcomes haven't done much to move the SP dial of late. I think the market is looking for news of the corporate / commercial variety. That said, it would be normal to see some sort of speculative uptick in the lead up to trials - especially in new indications with potentially huuuuge addressable markets.
So, on COVID trial registration / HREC approval, meds ready and commencment, I would like to think we're back to high teens. As the trial progresses (assuming no interim newsflow) and there's some betting on a positive outcome, I'd expect mid to high 20's (this is where the market priced PAA prior to the Elanco knock-back). If we have successful trial results (by which I mean some indication of efficacy, not just safety and tolerability) in COVID-19 (which we can expect to be known pretty quickly) - 40 to 60 cents, maybe more. Once we have regulatory approval and a pharma partner - $1 plus.
And then there's MND.
And canine cancer.
Then human cancer.
This thing is like a tightly coiled spring...
Have a great Christmas.
Densy
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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3 | 27750 | 0.200 |
3 | 167702 | 0.195 |
4 | 192741 | 0.190 |
5 | 139546 | 0.185 |
6 | 264330 | 0.180 |
Price($) | Vol. | No. |
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0.205 | 84999 | 3 |
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