IXC 0.00% 8.1¢ invex therapeutics ltd

IXC in Shares Down Under, page-2

  1. 490 Posts.
    lightbulb Created with Sketch. 490
    I haven’t come across Stocks Down Under before. Nice little overview of the technology but misses some of the key drivers for me:

    MC of $70m
    Cash of $34m
    Enterprise value of only $36m
    Addressable market of $1.6B+ and growing at approx 5%pa
    Recent capital raising of $26m at $1.30 including additional investment from Twiggy
    Strong Phase II results

    Although feedback from FDA was equivocal the EMA feedback was clear and provides a clear path to Phase III.


 
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