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$5m is nothing to AZ so if program going well would have paid it...

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Biostock

321 Posts.

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06/06/22

13:20

Post #: 61843146
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Originally posted by sarge17: ↑

It’s been exactly 3 years since Starpharma announced a development and option agreement with AstraZeneca.

Starpharma would do all the legwork, apply all the resources and spend all the $$$ in pre-clinical work to get to a point where either;
•AZ would have the option to licence the DEP version for a whopping US$5 million for further development by them, or
•alternatively Starpharma would have the option to licence the DEP drug from AZ to develop further

It’s been 3 years and we’ve heard sweet FA about this. Are they still working on it? Has it been shelved? Is it still on foot but been de-prioritised? Of course shareholders have to guess because part-time CEO Jackie Fairley and Starpharma have a long and extensive history of announcing major price-sensitive developments, only for nothing to occur and drift off into magic fairy bullshit dust land many years later without any accountability.

Not good enough.

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$5m is nothing to AZ so if program going well would have paid it to get rights. Time to update market on what was announced as material agreement.

Last edited by Biostock: 06/06/22

SPL Price at posting: 74.5¢ Sentiment: None Disclosure: Held
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