Cautiously optimistic, certainly in terms of their key near term plans, namely:
- they must see the LANI Phase 2 results through - reduce their workforce by 2/3 and heavily reduce the cost of their R&D by shutting up shop in Melbourne (though interesting that they miss out on the local R&D Tax incentives)
So they have made the obvious first steps in cash preservation. So now we wait for LANI results, possible behind the scenes negotiations with Daiichi Sankyo and maybe some left of field opportunities...
...I await a 'watch me pull a rabbit out of my hat' moment some time over the next 18 months.
Market reaction (volume) will determine just how many people are watching Biota at the moment.
BTA Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
