Great article Kate. M&A activity certainly picking up in the Biotech space and only set to increase.
Just thinking how things could heat up for IMU very quickly if initial results from the Phase 2 HER-Vaxx trial appear positive or even better - produce a strong immune response in patients.
Wouldn't take much in the current environment for a big Pharma company to open up the cheque book if trial data looks promising.
At its current share price of 2.1c, IMU has a market cap of AUD$76 million (USD$55 million). In 12 months time, even if they offered a 10c-per-share takeover premium to buy us out it would still be equivalent to the annual after-work drinks bill for companies like GSK, Merck or Pfizer!
Ann: Investor Presentation, page-46
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Last
3.9¢ |
Change
0.001(2.63%) |
Mkt cap ! $386.7M | |||
| Open | High | Low | Value | Volume |
| 3.8¢ | 4.0¢ | 3.7¢ | $338.8K | 8.848M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 2644751 | 3.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.9¢ | 989842 | 9 |
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| IMU (ASX) Chart |
