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KZA 47.0¢

novogen has a excellent half year

  1. munch

    3,567 Posts.

    Just released...

    Loss much less than expected... Novogen are on track to break even soon. They are still waiting on their primary patent for the OTC products which should see a massive boost to sales (I'm guessing by multiples, the market in the USA alone is USD500m and growing fast).

    Cash position is excellent and they didn't include the royalty payment paid by DuPont. It certainly looks like they are more than ready to start more clinical trials.

    Chris Naughton also commented this morning they are ready to start doing deals. I'm tipping we'll see a NV-07a deal first. A phenoxodiol deal is also possible as it has the backing of Yale university and other institutions which pick Phenoxodiol as having the great potential.

    All in all an excellent HY report by Novogen. Well done.

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