![]() When I say large trial the contracted amount is something like a $ 28 million over 3 years and they are right in the meat of it at the moement. The warning relates mainly to a slower than expected enrolment at a very large Phase III AD trial being conducted by Eli Lilly. The read across for Cambridge Cognition on the profit warning was limited. Anyway, if and when they sell at a great price it will be fantastically supportive for Cambridge Cognitions share price, as its business is much higher margin, its technology is much more sensitive and it has a much wider therapeutic area focus. I assume this might be why the talks broke down, it is also clear that last week the possibility of a takeover leaked given the huge sure in volumes. It is also certain that he will not let the business go cheaply, he certainly does not need the money as he is part of the Myer Department Stores family dynasty. With that Cogstate will not last more than 18 months as a listed company and that will see interest quickly turn to Cambridge Cognition. Posted at 10:05 by 40 fathomsSituation is interesting at Cogstate, it is clear that Martin Myer is prepared to sell. Obviously dont believe in supply and demand Youd think they would just whack up the price. My order from yesterday never got filled even at a higher price than some small trades going through. They quite happy to take my entire holing at a derisory price if I wanted. I suspect there will be plenty about that too. I remember you saying it would take a year or two to really take off. Looks like lower double digit growth minimum. ![]() Watched their capital markets presentation, which is hard work to be honest (Mathew Stork was excellent)but of course there are some very interesting takes from it not least the progress in drug developments that the pharma are very keen to get analysed by Cog and their two acquisitions. little interest from the market except Cannacord moved their holing up over 10 percent September 6th. Slightly surprised Cog has not reacted so far. Anything pharma, healthcare, diagnostics seems to be coming very much under the spotlight, particularly with any connection to the buzzword AI. I was contemplating a top up here before results next week. Posted at 20:42 by earwacksNice one Fathom40.
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