Re: Resverlogix Announces a Favorable Outlook Based on New Cardiovascular Disease Treatment Guidelines for Patients with Type 2 Diabetes
posted on
Aug 30, 2023 08:05PM
Agree completely.
In the Feb 4th, 2021 update (post start of Covid) Don presented 2 BoM2 scenarios. One claimed "Details Options Presented by and Discussed with Major Pharmas" (not sure I believe this claim). The other claimed "Planning details between Resverlogix and various partners".
In the 1st scenatio we saw a trial of 10,000 patients with enrollment starting in 2022, intermim analysis in 2024 and completion in 2025.
In the 2nd scenario patient enrollment would start in H2 2021 with interim analysis in 2022 and trial completion in 2023.
So now we are seeing that BoM2 may start in 2024. What can anyone say other than realizing Don is never to be trusted in any aspect of his or his team's decision making.
Teaming up with a major BP could generate some shareholder value. A CVR with favourable terms would be a huge boost but I think the chance are near zero that this team will ever cut a significant deal.
Wish I felt some hope but I really have to look at the way shareholders have been treated for the 13 or 14 years I've been involved.
I remain long because of the science. Not even a donkey should be able to screw this up given all of the wonderful scientific results that get published by the RVX science people and independent research.
GLTA
Toinv