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Despite being forced to miss the Everest, trainer John O'Shea will redirect Lost And Running (Per Incanto) towards the $3m Nature Strip Stakes (1300m) at Rosehill on October 29.
The six-year-old had been second favourite for the $15m sprint, but developed a skin irritation and was ruled out by vets on Saturday morning.
O'Shea said he had been optimistic Lost And Running would recover in time and rated the horse an "80-20 chance to run" on Friday, but while he trotted up nicely under saddle on the morning of the race, it was a different story when he cooled down.
"You can't go into a race of that nature and not be 100 per cent," O'Shea said. "He owes us nothing, we owe him a lot and it’s incumbent on us to look after him."
Lost And Running has been treated for his issue and O'Shea plans to trial him this week ahead of racing at Rosehill on October 29. "I will give him a trial on Friday and he can run in the Winner's Stakes on Saturday week," he said.