AVX 0.00% 2.5¢ avexa limited

Nice article published online yesterday by FNArena. Here's the...

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    Nice article published online yesterday by FNArena. Here's the gist:

    Heading:
    Avexa Looks Cheap
    FN Arena News - June 20 2007

    ABN Amro Morgans believes that Avexa is cheap at 57c and provides a significant buying opportunity. They have a 12-month target price of $1.42.

    They mention Avexa's timetable of upcoming milestones , including trial results to be published at the International Aids Society conference in Sydney next month, a Phase III testing sites to be initiated in the second half of '07, and a paediatrics trial will commence. They predict that these milestones will all have a positive impact on the share price.

    Says ABN Amro Morgans: "The current share price weakness creates a buying opportunity. The company is well funded with approximately A$80m in cash, sufficient to fund the Phase 3 trials for its HIV compound."


 
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