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Saturday, June 20, 2020 9:58:25 PM
4/18/20- Announced that data lock should occur “by approximately the end of May”, and followed by the release of top line data “from the end of June to early July.”
6/2/20- Press release states data lock anticipated by “the about mid-June or shortly thereafter.”
If data lock can’t be achieved by mid-June, the company “may consider proceeding with a "soft lock" of the data at that time”.
So, it stands to reason that data lock could still be on target- personally I would include the rest of June in the statement “or shortly thereafter”- so any announcement in regards to data lock in the month of June should probably be perceived as ‘on time’- meaning I wouldn’t be surprised if we didn’t hear anything for up to the next week and a half.
Then, also based upon the April 18 statement, I would consider the clock to start on top line data, and we can anticipate its release approximately 4-6 weeks after the announcement of data lock...
Although...
If a soft lock is announced, does that still start the clock on the countdown until top line data release, or does that countdown only start after a hard lock?
Either way, I would anticipate a press release within the next 10 days, and I imagine at that point, there will be more information regarding the timeline to top line data if it has changed at all since the April statement.
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