Huge day today!! (My thoughts on what the future brings)I think today's announcement will be a catalyst for the FDA and the Australian Health Authority to take a step back, see what's happening in South Korea, see what's happening in Canada and say, let's go and give them the green light as well!!!!
On the call today on Zoom, the company mentioned it would be tough to get the go ahead in Canada and if they do get the go ahead in Canada, the US and Australia would soon follow.
Canada is known for it's strict and stringent measures and the world knows this. The actual drug isnt approved in Canada, so this is an amazing feat to get Health Canada to say, go ahead!!
My thoughts in the next week (yes the next week!!):
- We will get the OK from the FDA to start the studies in America (The USA is a disaster for Covid now and they need it)
- We will get the ok from Australia to start the studies
- We may hear some news from South Korea that we don't have as many candidates as they wanted because they are doing a great job controlling the virus, but this is still speculative
Canada and the US still have a LOT of active cases and participation in this study should be very simple in terms of recruitment.
My predictions for tomorrow are an open at 55 cents and close of 67 cents. Remember the stock market is forward looking and it's only a matter of time before we get the go ahead from the FDA to start trials in the worst hit country in the world - and potentially going to get a lot worse from the recent decision to open businesses/schools/parks/beaches etc...