Post by
Forestview on Jun 30, 2021 12:05pm
Phase 3 Delay
So, see below for what Dan said. Though things are opening up after Covid, there is likely a massive backlog...also, Nasdaq uplist is expected to be tied to a Phase 3 start, so eventhough it wasn't mentioned in the news release it's still happening. Last thing - a CEO update is coming in a couple of weeks...
We will experience a 6-8 week delay due to new Covid-related restrictions in Ontario imposed on Phase 1 clinics in May (we now have to do the study in 3 waves rather than 2). And the FDA itself is behind on it’s timings for meeting. Say another 4 weeks. Putting these together means that we think it’s unlikely we’d get our meeting before Christmas. Tiny stuff, but it’s a retail stock market. We are focused on the big prize: positive Phase III and at the same time, partnering (look at our China Nuance deal). Not sure what you mean by ‘momentum’ – we’re not a promotional agency.
Comment by
Actuarial on Jun 30, 2021 1:21pm
Slightly delay is okay for me. We have already known that PIII will be a successful one - it is only a matter of time. Plus, I am not so eager to retire - working from home is kind of similar to vactaion to me ...... receive pay cheques with the same decent amount but save on time and commute expenses ...... it is okay for me ...... I have enough patient to wait for my big prize from ATE.
Comment by
MrMugsy on Jun 30, 2021 4:45pm
That's the thing ... Patience and Thick Skin - gets you through everytime. Unless bankruptcy sneaks up on you ... and we know that can't happen with mega-mulla in the bank !!! Hahaha !!! Oh ya ... we've also got a lung inflammation drug in the works (covid related). The further we go - the further along that product develops.