The pipeline update will be very a significant and comprehensive announcement. It has been 12 months in the making with many new indications identified and progressed and collaborations formed. The market and the small number of traders here who sold their holdings (300 thousand on the day of announcement) have it all wrong. The pipeline has been ready for many months. The hold up was Axovant’s consideration of what to do with OPMD. Benitec management were hostage to this because Axovant controls the news flow about OPMD.
Now that it’s out of the way the company will be busy updating the website and preparing for the pipeline update and strategic review.
All good. Good luck all holders.
BLT Price at posting:
6.3¢ Sentiment: Buy Disclosure: Held