Well said @microcapguru.
Also adding to @davybabyk comment of ..... Further acquisitions are clearly back on the agenda. PH state that IMU now has "flexibility to add complementary assets should attractive opportunities present".
I felt hard done by when I initially read the announcement, but I think there is more to this that will play out over time. Standing back it's good to have a long term horizon as it makes these capital raising and announcements easier to digest.
Go and check out Genentechs Pipeline. Lesley views Imugene as a mini Genentech, their pipeline is massive! Science is fast moving and Imugene now have the cash to pivot and pounce on the best technology coming out of the labs.
Well done to team Imugene to stock the kitty with $175m in cash!
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