Theywillneedtoholdthelineatabitover30cents/sharetokeepthemktcapunderAUD300million,butIamnotsurethisispossible,advisableornecessary.Good article in today's Fin Review about smallcap Australian Biotechs and current successes.
Reasonsforbelievingthisaresomeofthetealeavesatthebottomoftheglass,including
[1]FDAMoat:BotanixisforgingaheadwithFDAcomplianttrialsonabroadfront.
[2]PatentMoat:thePCT-->Wraysletterof4/4/19,https://bit.ly/2kjwwl6which,althoughitdoesn'tgiveusthepatent,providesenoughcluesaboutittomodifymycommentto:IMOBotanix'26rejectedclaimswipeoutamultitudeofothercompany'spatentsatthesametimeleaving8successfulclaimscoveringthecannabidiolPermetrex™combination,andthusnoroyaltiestobepaidbyBotanixtoanyoneotherthanthePermetrex™licensors.
[3]Announcements
Summary:BotanixAnnouncesSuccessfulAcneStudyResults(29/01/1809:57):
https://hotcopper.com.au/posts/30621409/single
Summary:BotanixAnnouncesSuccessfulAtopicDermatitisStudyResults(06/06/1809:43)
https://hotcopper.com.au/posts/33521881/singleSummary:StudyConfirmsAnti-inflammatoryandOtherPropertiesofCBD(19/06/1909:31):https://hotcopper.com.au/posts/39125686/single
Summary:BTX1801KillsSuperbugsWithoutResistanceWorld-First(20/06/1909:16):
https://hotcopper.com.au/posts/39145606/single
[4]Summary:VinceIppolitoappointedasBotanixExecutiveChairman(18/07/1914:15):
https://hotcopper.com.au/posts/39582595/singleNotethattheappointmentcomesaboutonemonthafterthe19/06and20/06announcements.
Botanixappearstomeanbusiness.
DYOR,Iamnotapatentlawyer-justmyopinion.
https://www.copyright link/companies/healthcare-and-fitness/small-cap-healthcare-stocks-surge-to-billion-dollar-plays-20190929-p52vx1
Ann: Notice of Annual General Meeting/Proxy Form, page-30
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34.5¢ |
Change
-0.020(5.48%) |
Mkt cap ! $543.4M | |||
| Open | High | Low | Value | Volume |
| 35.5¢ | 35.5¢ | 34.0¢ | $4.566M | 13.13M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 410003 | 34.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.0¢ | 346713 | 8 |
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