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$19.29 neuren pharmaceuticals limited

Ann: International institution acquires 14% of Neuren, page-26

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subi1

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26/03/20

12:41

Post #: 43710038
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Originally posted by hottod: ↑

My concern (alluded to yesterday) was that Baker Bros/Acadia might be taking advantage of current circumstances (NEU share price being battered by the Coronavirus market rout and the Acadia decision to pause the Phase 3 trofinetide in Rett trial) to grab a blocking stake in the company and perhaps a Board presence.

Firstly, from an ethical perspective, it wouldn’t sit well with me if Acadia made such a move directly after pausing the trofinetide trial but none of its own trials of pimavanserin.

In addition, I would have concerns that, for an investment of just US$8.5m, Baker Bros/Acadia could in future (improved) times, control Neuren’s deal options.

In short, I’m relieved that there is no evidence that our trofinetide partner is engaging in what I would view as predatory behaviour.

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I thought the phase 3 trial for trofinetide was ongoing but just not enlisting new participants.

NEU Price at posting: $1.03 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $19.29		Change -0.050(0.26%)		Mkt cap ! $2.463B

Open	High	Low	Value	Volume
$19.60	$19.65	$19.00	$6.754M	349.6K

Buyers (Bids)

No.	Vol.	Price($)
4	685	$19.29

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Price($)	Vol.	No.
$19.31	111	5

View Market Depth

No.	Vol.	Price($)
9	1446	19.270
8	645	19.260
8	4363	19.250
10	1375	19.240
5	416	19.230

Price($)	Vol.	No.
19.290	630	20
19.300	311	4
19.310	325	4
19.320	2026	13
19.330	463	4

Last trade - 14.50pm 06/06/2024 (20 minute delay)


Last $19.40			Change -0.050 ( 0.50 %)
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