Quick research.... Lepu Medical...
Market Cap.... US$6.6 Billion.... chicken feed by International standards... massive by Australian standards.
Have their own Clinical Trials underway with with their own PD1 drugs.
We now have $60 mill. in the bank... enough to fund Stage 3 Trials... get approval... manufacture... get to market.
STRONG POSITION!!
Will it excite bigger Pharmas?.... who knows.
If Merk are interested, they can move now, if they don't mind losing 13% of the Company.
VLA Price at posting:
82.0¢ Sentiment: Hold Disclosure: Held