IMU 1.89% 5.2¢ imugene limited

More M&A in Biotech Sector - Roche to acquire Promedior!

  1. 2,115 Posts.
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    For those short-sighted investors who are selling their IMU shares at 5.5cents today ... take a look at the terms of Roche's acquisition just 4 days ago of Promedior:

    Roche are paying an Upfront CASH payment of USD$300 million with contingent payments thereafter of up to USD$1 BILLION based on achieving certain milestones.

    With CF33 & CheckVacc, HER-Vaxx, PD1-Vaxx all in human trials next year why on earth would you sell your IMU shares now????

    Promedior Says To Be Acquired By Roche
    Nov 15 (Reuters)

    * PROMEDIOR ENTERS INTO DEFINITIVE MERGER AGREEMENT TO BE ACQUIRED BY ROCHE
    * PROMEDIOR - TOTAL TRANSACTION VALUE OF UP TO $1.39 BILLION
    * PROMEDIOR - UNDER TERMS OF MERGER AGREEMENT, ROCHE WILL MAKE UPFRONT CASH PAYMENT OF USD390MILLION
    * PROMEDIOR - ROCHE WILL OBTAIN RIGHTS TO PROMEDIOR’S ENTIRE PORTFOLIO OF MOLECULES FOR SERIOUS FIBROTIC DISEASES, NOTABLY PRM-151
    * PROMEDIOR - DEAL CONSIDERATION ALSO HAS ADDITIONAL CONTINGENT PAYMENTS OF UP TO $1 BILLION BASED ON ACHIEVEMENT OF CERTAIN MILESTONES

 
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