I think the market is losing sight of what is up and coming, and that is the manufacturing update (leaving aside the whole conclusion of a Phase III trial)
The pie in the sky announcement would be a complete resolution to the Berlin Pharma issue and a return of the rights back to EMS.
An update to indicate any forward progress has been made on the issue IMO would be very welcome and should send the SP higher.
This is what I am expecting.
Given the company retains its rights to the first 10m units produced of Artimist I do not see the BP rights as a show stopper, just a layer of uncertainty.
And we know the market and investors like certainty.
It will get resolved one way or another. Its just a matter of when.
Without having read the contract my working assumption is that BP have not satisfied the obligations to manufacture under the contract terms so that does not place them/the administrator in a very strong position.
Maybe this week, maybe next week.
But we know its coming soon.
Price has fallen over 21% from its highs last thursday. Seems kind of enough to me.
Gonna raid the piggy bank again.
Good luck all
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