The hard reality is Big Pharma (and therefore investors) is/are only interested in the "lead indication", they are not interested in the "pipeline". So if the lead indication fails, interest dies very quickly, and the timeline & cost to new data extends.
My issue with this company is they listed touting BME (oh, and lets not forget Exosomes - where have they gone?), then switched their focus to hay fever. RRV has also only been a very recent addition. Suspect the reason is the end market for BME is not that large/of interest to Big Pharma.
At $0.33c this company is still capped at $34m - think about it - and their drug is repurposed, off patent and been around for 60-years.
The hard reality is Big Pharma (and therefore investors) is/are...
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Last
46.0¢ |
Change
0.135(41.5%) |
Mkt cap ! $82.30M | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 49.5¢ | 34.0¢ | $3.506M | 8.474M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 45.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 46.0¢ | 147167 | 1 |
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| Last trade - 16.10pm 25/11/2024 (20 minute delay) ? |
| PAR (ASX) Chart |
