The hard reality is Big Pharma (and therefore investors) is/are only interested in the "lead indication", they are not interested in the "pipeline". So if the lead indication fails, interest dies very quickly, and the timeline & cost to new data extends.
My issue with this company is they listed touting BME (oh, and lets not forget Exosomes - where have they gone?), then switched their focus to hay fever. RRV has also only been a very recent addition. Suspect the reason is the end market for BME is not that large/of interest to Big Pharma.
At $0.33c this company is still capped at $34m - think about it - and their drug is repurposed, off patent and been around for 60-years.
Ann: Hay Fever Trial Update, page-9
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Mkt cap ! $82.30M | |||
| Open | High | Low | Value | Volume |
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