Ann: New & significant data from AIPAC phase 2b trial in MBC, page-38

Awaiting a billion-dollar deal

Another cancer tech player that McDonald holds is Immutep Ltd (ASX: IMM).

Its share price has halved since November, giving it a current market capitalisation of around $310 million.

With the company targeting a US$50 billion addressable market in breast, lung, head & neck cancer markets, McDonald is convinced Immutep is undervalued.

“Similar biotech deals, either licensing or takeover, would probably be in the US$2 to US$5 billion range. So very substantial upside.”

Immutep has been granted a “prestigious” oral presentation at the American Society of Clinical Oncology conference on 3 June.

“It’s the largest healthcare conference in the world,” said McDonald.

“We can only assume it’s very good news… We’re greatly looking forward to that.”