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8.0¢ invex therapeutics ltd

I agree with you, I am very disappointed but alas there is still...

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TheDerivative

343 Posts.

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28/06/23

19:18

Post #: 68520523
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Originally posted by BalkanBroker: ↑

The thing is- the drug works, IIH still exists and we are now expecting a lower TAM (for this indication). Don't get me wrong, I totally understand why people sold out today (I thought about it). It's also a nervous wait until we have next steps (Aug/Sept) but wouldn't they still pursue to get the drug to market and a possible buyout (for a lower price)? They have plenty of skin in the game given the amount of time they have spent building this business only to quit at the final hurdle? Maybe this pivot was necessary in order to get the job done, who knows. I don't want to judge them from one (big) stuff up but I think it would be wise they hold an investor call on Friday to provide us with some more context.

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I agree with you, I am very disappointed but alas there is still $22M in the bank and years of work on this drug.
There is plenty of scope with TBI and IIH is not going away even with Ozempic.
All is not lost. Hang in there. They've put out the release with the information they had and thank fully have done it now and will pivot from here.
I don't know about directors buying and selling. If i was a biotech exec i wouldn't be throwing in my hard earned given the current macro sentiment around biotech.

IXC Price at posting: 22.0¢ Sentiment: Buy Disclosure: Held
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