Syntara Limited (ASX:SNT) Addresses ASX Price Query
Recent Trading Activity Explained
Syntara Limited (ASX:SNT) confirmed awareness of confidential information related to its securities, which may explain recent trading activity. The company will present interim data from its Phase 2 trial of SNT-5055 at the American Society of Hematology meeting on December 9, as previously noted in its November announcement.
SNT stated that while the interim data remains confidential, anticipation from investors regarding the upcoming presentation may have influenced trading patterns. Furthermore, the initiation of coverage by a major brokerage on December 2 and enhanced investor relations activities are also likely contributing factors.
Trial Data and Future Outlook
The Company Secretary, David McGarvey, indicated that results from the ongoing trial will not be fully available until August 2025. Consequently, no definitive conclusions on the trial’s progress can be drawn until all data is collected and analysed. SNT reassured investors that the interim data, while shared with a limited audience, would undergo rigorous peer review prior to the ASH Meeting.
SNT remains compliant with ASX Listing Rules and is fully committed to adhering to its continuous disclosure policy. Any announcement regarding interim data will be made immediately preceding its presentation at the ASH Meeting.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Syntara. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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