Sounds really great Changa2, actually so great, that neither Amgen nor any funds bothered to secure a big holding / stake to be in the hot seat for what will be a 100% sure thing.
If they can't release a statement after 9 months then either it doesn't work or it takes years to work. In both cases, disappointing.
If Amgen is worth USD 147b then I am sure they could afford a USD100m stake in IMU or in fact, sign a deal to guarantee the funding until approval. 9 months should be long enough to see " early signals ". But so far just silence.
SH want to see results, at least some data providing evidence that the trials are progressing in a positive direction. But that's been a No No and No Show.
In the upcoming newsletter sh will get told how great 2024 was and that 2025 will become even bigger. The decline in the sp will be interpreted as the fault of the market and the impatient and non-educated " Steinis " as well as the " still terrible general " market for Bio-Techs.
But they will celebrate many boundaries / limits / barriers broken such as:
- lowest sp since 2021 - Hey, who doesn't like a bargain
- highest remuneration packet since foundation - Hey, we are heavily impacted by "Cost of living crises" too
- reducing the platforms by shelving B-cell tech - Hey, just getting rid of useless baggage ( that previously provided the fuel to take off )
- paying Precision their excessive milestones way before IMU get any $ or certainty of approval - Hey, who cares about Millions when we could get Billions
- running down the cash at record speed - Hey, we have to be the fastest at one criteria
But as long as you and TB are positive about what management is delivering the IMU-verse is bigger / getting bigger as it ever was. Like LC and PH would open their office window and LC saying, "Paul, I can't hear anyone complaining, the world must be satisfied with what we are doing", " You're right Leslie, we are the greatest."
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