Tony,
Its interesting to note that PYC raised $2.1m in December 14, 2011 prior to the signing of the Janssen collaboration (announced January 3, 2012).
I'm sure that the Big Pharma waiting to sign deals are pleased and/or relieved to see new capital introduced and further encouraged by the fact that it will be issued at a premium. Of course the premium is contingent upon meeting certain milestones, however, Big Pharma signing the deals will ensure that the milestones are met.
Wayne.
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Last
$1.39 |
Change
0.030(2.21%) |
Mkt cap ! $816.5M | |||
| Open | High | Low | Value | Volume |
| $1.37 | $1.42 | $1.37 | $31.16K | 22.15K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 681 | $1.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.41 | 10285 | 2 |
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| PYC (ASX) Chart |