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1.1¢ algorae pharmaceuticals limited

Let's hope for some news flow sooner than later.Especially in...

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DD72

3,664 Posts.

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28/02/24

11:28

Post #: 72640466
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Originally posted by Magilla208: ↑

I hope for your sake dsorg that is the case.

Recursion (RXRX) had a huge night where it was up over 21% continuing its recent strong performance and now has a market cap of over US$3.2 billion. Not saying that Algorae is like Recursion but like Recursion there are long and short term ways in which it can generate value.

The AI platform will generate fixed dose combination drug targets that Algorae can either develop themselves in clinical trial programs or alternatively those drug targets could be out-licensed in partnership arrangements.

For instance, Bayer has partnered with RXRX to use RecursionOS in the field of Fibrosis in a deal including US$30 million upfront and a US$50 million equity investment, up to US$1.2 billion in milestone payments for drug targets that develop into drug products with royalties also applying in the event of achieving FDA marketing approval.

The unique and exclusive relationship between the UNSW and Algorae truly is exciting. From my research UNSW hands down has not only the best AI platform in this field in Australia but also the most qualified people to go with it.

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Let's hope for some news flow sooner than later.

Especially in relation to ntcell.

Regards

DD

1AI Price at posting: 1.0¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 1.1¢		Change 0.000(0.00%)		Mkt cap ! $18.56M

Open	High	Low	Value	Volume
1.2¢	1.2¢	1.1¢	$765	68.61K

Buyers (Bids)

No.	Vol.	Price($)
6	1875518	1.1¢

Sellers (Offers)

Price($)	Vol.	No.
1.2¢	1081082	6

View Market Depth

No.	Vol.	Price($)
6	1875518	0.011
12	5034067	0.010
15	8312896	0.009
6	767959	0.008
7	6180009	0.007

Price($)	Vol.	No.
0.012	1081082	6
0.013	3093333	5
0.014	1522818	4
0.015	699995	3
0.016	1394000	2

Last trade - 15.36pm 27/05/2024 (20 minute delay)


Last 1.1¢			Change 0.000 ( 8.33 %)
Open	High		Low	Volume
1.1¢	1.1¢		1.1¢	1061050
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