Replicel

[Pate]

Im not so clear about the upcoming annoucement so its actually an announcement of phase1 not 2? If thats the case then are we looking to the next 10 years maximum for the miracle?

It's a combined Phase I/IIa... Phase I is safety, IIa is I think usually dose-ranging with efficacy as a secondary endpoint.

But realistically a bare minimum of one year for the IIb and the III... if they have to do multiple IIbs like Aderans, who knows how long it could be. They will also have to do a pretty major capital raising before they can afford a Phase III. Hopefully the Phase II results are good enough that they can attract investors without any problems.