Wednesday, June 21, 2017 8:57:25 PM
I was encouraged when Revive Therapeutics discussed one of their operational highlights in their Q1 2017 PR announcement:
"A Term Sheet with InMed Pharmaceuticals for the Discovery and Development of Cannabinoid-Based Therapy Targeting Kidney Diseases"
https://finance.yahoo.com/news/revive-therapeutics-ltd-announces-results-110000907.html
At the very least, I think a deal in this capacity would help confirm some value within the bioinformatics division. We're still waiting for something.
Otherwise, I think they could gain momentum if they can move their drug candidates to trials within a reasonable time frame. I think we continue to consolidate for the time being.
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