Reading the full Wilsons report, its interesting that they believe NNZ-2591 - if successfull - could "cannibalise" the profitability of Trof, and overall reduce NEU and Acadia value...
"Neuren have been savvy in tacking on limited rights to NNZ-2591 to this agreement with Acadia.They have monetised this asset in two indications that were previously ‘dead’ in the sense that Neuren (or anyother NNZ-2591 licensee) was not able to develop NNZ-2591 for Rett or FXS given the non-compete clause inthe existing trofinetide agreement. Specifically, the agreement stated Neuren could not develop competingproducts to trofinetide in those two indications. NNZ-2591 is a competing/replacement product to trofinetidegiven its similarity of mechanism (targeting IGF-1 restoration). We had previously accepted that these twoindications were off the table for Neuren’s development program with NNZ-2591, focusing our valuation andresearch on the four neurodevelopmental disorders (NDDs) currently in Phase II trials (Phelan-McDermid,Angelmans, Pitt-Hopkins, Prader Willi syndromes)."
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Ann: Investor web conference presentation, 14 July 2023, page-36
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Last
$19.98 |
Change
0.180(0.91%) |
Mkt cap ! $2.551B |
Open | High | Low | Value | Volume |
$19.95 | $20.18 | $19.59 | $6.383M | 319.9K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 364 | $19.91 |
Sellers (Offers)
Price($) | Vol. | No. |
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$19.99 | 579 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 5523 | 19.900 |
2 | 1137 | 19.890 |
1 | 1185 | 19.880 |
3 | 2195 | 19.870 |
1 | 1295 | 19.850 |
Price($) | Vol. | No. |
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20.080 | 1137 | 2 |
20.090 | 1295 | 1 |
20.100 | 1000 | 2 |
20.140 | 1295 | 1 |
20.150 | 650 | 1 |
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