Re: Trial delay
in response to
by
posted on
May 05, 2021 09:44AM
fuzzy, the thought re ego has been on my mind as well. I think many of us feel that the Peter principle is evident in this case and Don doesn't want to let go.
I wouldn't blame a founding partner who has come up with cash for 20 years to want to hang on for the glory. Can you imagine another comapny gets the glory for a medical breakthrough that Dr Wong and his science team laboured over for 20 years!
Or perhaps the cost of getting financing from more reputable biotech financing companies is too high.
Whatever is happening it seems different than the past. We've had periods of mushroom management for many years but this silence is different. Given the Australian results on Covid with apabetalone and given Canadian trial approval it is hard to imagine that there is not intense activity to get the human Covid trial moving. There must be.
Perhaps a complex deal is in the works and that takes time and silence. Pure speculation on my part because I sure don't know.
GLTA
Toinv