For those that keep on bagging this company, have a look at how to value drugs and Biotech companies.
Take the time if you have the ability to do some decent research and see in this article how to do so.
Just remember the examples they show is for one drug at a time, so in IMU's case you need to add in each trail as a separate drug.
Plus, with the chance of partnering with basically all Car t's, the market cap is well north of the current value.
I must admit, two years ago I was dead set against any listing in the US, but after having a long chat with a broker that holds IMU over the Christmas period have changed my tune. If we were to list there, the sops would be all over this stock. You can easily come up with a 70cent or so valuation on IMU as we stand. IMHO as Bella puts it, best value stock on the ASX.
Also, before all you down rampers get stuck into me, read this article on how to value bio's.
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Valuing drugs and biotech companies (baybridgebio.com)
