When you add a new marginal buyer to the market that is a global gorilla everyone who was looking to buy gets panicky and this has only just begun. Think Syd/Mel property prices over the past 5 years when a marginal buyer was added - it swamped supply - but this one is a government strategy.
Global pharma and Western Investment funds used to have this market to themselves and SE Asia, Middle Eastern and Chinese are all the marginal new buyer and it’s just beginning. You see it in the massive (billion $) Pharma deals of just the last 3-6 months as they move quickly to lock down their access to a pipeline from the mid and small tier bio’s.
The small and mid tiers turn around and take a bite at companies the size of ones here is Australia - no wonder Tribe made his move.
It might miss PYC by but with Tribe now holding the wheel at least it won’t be ‘sold too early’ as quoted in the middle link. VLA was supposed to be the new $1b Aussie company and had just secured a new Chinese substantial shareholder - boom! Bought by Merck for ‘only’ $500m. First people to sell always get ripped off.
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