The week ahead First what we know for sure.
This coming Friday, Onc will be having Q3 results, updates & general progress.
That event is not newsworthy. As it is a legal requirement only.
Simoly put, part if on- going process.
We also know, last week some decent results were confirmed for tge Pancreatice cancer arm. In addition to that the colorectal cancer arm, data was good enough to allow progress to the next stage.
both of these in coterapy within the Roche Goblet trial.
We also know, Onc was selected for a $5million grant to add another co- therapy arm to the pancreatic cancer opportunities.
We also know the " within 90 day update";of the special PanCan phase 3 trial details are now long over due.
Could be the $5 million grant changed the negotiations a bit. As a logical minimum, would 100% change any in place paperwork.
so?
This Friday?
unless there is a N.R. This week prior, they do need to address the delay...of the " within 90 day update".
A simple nod to its existence & " we are working in it";woukd be suffice.
Total non- denial , denial of the timeline & where things are would not be precived or received well.
I appreciate 100% the Q3 update is a forced date. The negotiations are not & do not need to match any outside dates.
HOWEVER, outside communications are very important to build sentiment & gain traction with the SP.
My commentary;
The last few weeks of data & news has been great. The future for onc is at a crossroads.
Multiple irons in the fire.
Six/ six anakysts with buy ir string buy recommendations. Withn targets well above existing.
My gut feelings , this week will have some interesting surprises.
side story...
Last Sat, I met a random, very educated & on the ball investor.
we talked mostly about energy stocks.
i Did ask if she knew about biotech, specifically Onc?
She has been following for an extended period of time.
Has not bought yet.
interesting, first comment from her on Onc " They will be getting bought out & soon".
again, totally random. Don't know this lady at all.
I do know she follows multiple investments & investment T.V. Shows.
Her comments in one context, meaningless.
however, a point of view I I found quite interesting.
have a great week all.
enjoy this great country we call home.