RAC 0.28% $1.78 race oncology ltd

CPACS: Research, Results, Market Comparisons, and Valuations, page-204

  1. 2,851 Posts.
    lightbulb Created with Sketch. 2902
    great summary. The oncology panel discussion highlighted Ariad Pharma a smaller biotech that was denied then later granted BTD.

    They submitted based on P1 dose escalation n = 16 with 75% ORR but were told by FDA too early. Duration of response for R/R NSCLC was relevant.

    At a long shot perhaps the nature of CPACS maybe Race can submit BTD earlier. Being realistic P2 data might be required. If we get it at P1 that is perhaps a massive endorsement from the FDA.

    So what happened to Ariad Pharma after that?

    No less than $5.2b USD deal and it went quickly.

    https://hotcopper.com.au/data/attachments/6398/6398017-00cd4d14a6cad0edde6efef05addd303.jpg

    https://www.forbes.com/sites/antoinegara/2017/01/09/ariads-5-2-billion-sale-to-takeda-nets-260-million-windfall-for-hedge-fund/
 
watchlist Created with Sketch. Add RAC (ASX) to my watchlist
(20min delay)
Last
$1.78
Change
-0.005(0.28%)
Mkt cap ! $303.3M
Open High Low Value Volume
$1.80 $1.84 $1.78 $133.8K 73.76K

Buyers (Bids)

No. Vol. Price($)
3 15072 $1.78
 

Sellers (Offers)

Price($) Vol. No.
$1.87 1793 1
View Market Depth
Last trade - 16.10pm 01/10/2024 (20 minute delay) ?
RAC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.