"Although further development of the GSI inhibitor is required, the REGAIN project has helped shape the developmental and regulatory processes towards novel hearing loss treatments. Partners plan to conduct additional clinical studies in collaboration with other research groups active in the hearing loss field, hoping to have a product approved in clinical practice within 7 years."
I could be reading too much into this, but the quote above makes it sound like phase 2 is the end of the line here. Saying your drug candidate needs further development and the assistance of other research entities is a sign to me that they're waiving the white flag on the drug they have in its current form. This would account for the 7-year figure they quoted because if they have to reformulate and work with other groups that's essentially starting from scratch, which would be consistent with a 7-year timespan. Also, Audion hasn't made any funding announcements on additional investments in order for them to proceed. Frequency Therapeutics has way more money in investments than this project.
I could be reading too much into this, but the quote above makes it sound like phase 2 is the end of the line here. Saying your drug candidate needs further development and the assistance of other research entities is a sign to me that they're waiving the white flag on the drug they have in its current form. This would account for the 7-year figure they quoted because if they have to reformulate and work with other groups that's essentially starting from scratch, which would be consistent with a 7-year timespan. Also, Audion hasn't made any funding announcements on additional investments in order for them to proceed. Frequency Therapeutics has way more money in investments than this project.