SMALL CAP MOVERS: Summit Therapeutics lifted by US deal; Nu-Oil jumps 400% but Xcite and Stanley Gibbons plunge further
For the junior biotech the Holy Grail is taking a drug all the way from the lab to the market – in the US they call it hitting a home run and the achievement is usually transformational.
Unfortunately, very few home runs have been hit here in the UK, even though we have a very active drug development sector.
That’s because the costs of developing a new treatment are prohibitive as they can run to hundreds of millions of pounds – and of course success is not guaranteed.
Often the next best thing is to find a big brother with pockets deep enough to fund the work required to get a new... read more
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