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SENESCO TECH Message Board

  • investora2z investora2z Nov 14, 2013 9:46 AM Flag

    Trial results could be a trigger

    The company will announce the results of its phase 1b/2a trials of SNS01T shortly. It recently announced that it will make two presentations on SNS01-T for blood-borne cancer care at the 55th American Society of Hematology (ASH) Annual Meeting and Exposition to be held from December 7-10th in New Orleans. The management stated that the company will present a poster to provide an update on the current results of the trial and it will also make an oral presentation of new results with SNS01T in non-clinical studies. The trials are still in preliminary stages, and the tumor reduction results achieved in preclinical trials are indicators. The FDA approval etc. may take a couple of years. The main purpose of the trials so far has been to test the safety and tolerability of SNS01T. A secondary purpose is to explore whether SNS01T is an effective treatment for multiple myeloma, mantle cell lymphoma and diffuse large B cell lymphoma. However, the results so far have been encouraging, and if the cohort 3 trials are also as good on tolerability and efficacy, then the confidence will increase. It is good to invest in a development stage company when it is relatively ignored and undervalued. That maximizes the chances of exponential returns. However, the attended risks are also high, and hence one needs to play keeping that in mind. For Senesco, the going so far has been good, and the upcoming trial results may be a trigger which can take the stock much higher. Many analysts are positive on the stock, though intervening volatility in the stock is likely. As mentioned by one analyst, the stock is highly undervalued compared to peer companies at similar stages of development. Furthermore, investment by experienced insiders like Chairman Harlan Waksal also indicates the potential of the company's technology.

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