I think this comment paired with the fact Neuren has stated publicly they aren't intending to sell the drugs themselves should satisfy people who want a return in the medium term compared to the long term. It flags that a transaction could occur anytime if the buyer pays the right price and they aren't going to be selfish and keep the company existing so they have a job - they will sell to the highest bidder if that's the best thing for shareholders rather than try a build a sales force, or do something else they aren't set up to do. I think this is an incredibly important point and the fact the NNZ-2591 trials will be 3 months long means that this could all happen rather quickly, where we see another 10x+ uplift like we did from Trof when we were trading in the $1-3 (post consolidation) range for many years until the share price went bizzerk
Note: 3 months is the trial length (after recruitment) - the entire process can take longer but we can get an offer after results but before a NDA and/or approval.
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neuren pharmaceuticals limited
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Last
$12.85 |
Change
-0.110(0.85%) |
Mkt cap ! $1.598B |
Open | High | Low | Value | Volume |
$12.82 | $13.05 | $12.53 | $6.559M | 511.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1657 | $12.83 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$12.85 | 6303 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1657 | 12.830 |
2 | 3312 | 12.750 |
1 | 1224 | 12.730 |
3 | 3229 | 12.720 |
1 | 1299 | 12.700 |
Price($) | Vol. | No. |
---|---|---|
12.850 | 6303 | 1 |
12.890 | 7731 | 5 |
12.910 | 1229 | 1 |
12.920 | 1474 | 2 |
12.950 | 1299 | 1 |
Last trade - 16.10pm 17/06/2025 (20 minute delay) ? |
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Ronald Miller, Non-Executive Director
Ronald Miller
Non-Executive Director
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