"I'd be happy to see IMU twice the valuation of CSL - anything approaching a "cure" for multiple cancers should nudge the SP to those levels - BP would be knocking on IMU's front door begging to get involved. Cancer and HIV cures are the holy grail in the pharmaceutical universe.IMU might just take over CSL in that scenario".
If I had a dime for every fantasy like this expressed about some biotech on social media or a stock market forum, I would be a wealthy man.
Sadly, if we come back to reality for a minute, the vast majority of drugs in development end up failing for one reason or another and not being commercialised.
IMU Price at posting:
12.5¢ Sentiment: None Disclosure: Not Held
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