40p? No chance i'd say. We had the fundraising because AK didn't want to give Trovax away cheaply, and now some think he'll give the whole company away at 40p? Think about it.
OXB have £40m+ cash
Funding from DoH soon to be confirmed worth £66M
Lebtivectors which look like having a stake in a vast range of GT products
Trovax........Enough said
Prosavin...........
It'll take a lot for than 40p for that. Remember it was only last week that OXB got broad recognition from their peers:
Mildeel - 8 Dec'05 - 16:14 - 25152 of 25152
Couldn't see any reference to this this morning, but I was at the SCRIP Awards bash in London last night - the newly-launched Pharma 'Oscars' (as the promoters are dubbing it).
The Great and the Good of the industry were out in force, and little old OXB was fairly noticeable...
OXB was one of the three nominations across the whole Industry for "best overall pipeline" (although they didn't win - it was Novartis) and AK was one of the three nominations for "best CEO" (although he didn't win this either).
Not sure what it means for the SP (clearly nothing today!), but it is reassuring to see that their peers think so highly of them...