Ann: Imugene Receives Positive Feedback From FDA, page-24

Based on the experiences of other aus biotechs I've owned.......the 'FDA pat on the head' is cold comfort when you get to decision time with them......by that time.....years down the track......you've had that many 'pats on the head' one has euphoric cranial bruising......then the gatekeeper's punch in the guts followed by a swift upper cut to the jaw is delivered. At that stage....expect unimaginable delays & dilution......rinse & repeat. Aussie biotechs should partner up with American biotechs early in their process....that is a painful lesson I have learnt. With IMU....the dilution is already there so eventually there will be a consolidation of some sort. Good luck !!