ACAD made a “strategic investment” in NEU as part of the July 2018 US licence agreement.
They acquired 1,330,000 share for A$4m, which was equivalent to ~ US$3m at the time.
The last sighting of ACAD’s investment in NEU was at 30/06/23. The reported value at that time was US$10,781,000.
From ACAD accounts, it appears that the company sold all of its holdings in NEU during Q3 last year.
NEU stock price at 30/06/23 was A$12.25. The price jumped to $14.20 by 21/07/23, following the signing of the global licence between Acadia and Neuren. The stock price then tracked down to A$10.47 on 22/09/23, a 26% decline over that two month period.
NEU Price at posting:
$13.56 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)