Forum Topics Bionomics (BNO)
AbelianGrape
11 months ago

In case anyone is interested in what happened to Bionomics ($BNO), here's a rough run-down of what I recall. My memory is hazy on the dates (but I've prefaced it with "rough"!)

  • They had a drug that could potentially treat PTSD and GAD (Generalised Anxiety Disorder).
  • A clinical trial of a liquid version was unsuccessful.
  • They re-analysed the data and found that for the average patient not enough of the drug was getting absorbed. For those patients where more of the drug was absorbed, there was a clinically meaningful effect.
  • So they reworked the solution into a solid pill form of the drug that would probably work better.
  • They cross-listed on the Nasdaq around this time.
  • A new clinical trial... also unsuccessful. (I forget whether it was PTSD or GAD.)
  • Delist in Australia and move to the US. After delisting shareholders could either sell their shares through the company, or arrange to have them converted to ADSs on the Nasdaq.
  • Delisting happened on 28th August 2023.


I sold before the delist. (I should have sold immediately after the second unsuccessful clinical trial, but inertia took hold.

7