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02/07/21 4:31 PM

#23520 RE: DewDiligence #23516

I don’t necessarily agree that our discussion of PVCX is moot



It's moot in the sense that the revelation of an additional competitor with a similar or even superior platform who's well funded, far more clinically advanced and with a major biopharma partner blows up the investment thesis in PCVX.

I wonder if Vaxcyte mgt felt pressure to IPO fearing with every advance by Affinivax they would look less attractive to investors.