CHM

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1.0¢ chimeric therapeutics limited

Thanks sk1ns1, appreciate your insights and reasoning. CHM is on...

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KingGnome

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16/02/21

12:31

Post #: 51031360
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Originally posted by sk1ns1: ↑

1) Paul Hopper has 25% stake in the company. If he wanted to front up the ongoing milestone payments and royalties to COH then he'd be haemorrhaging his own capital. To say any phase 1 biotech is a sure thing is naive at best and no one here is seeing this as a certainty. If it was, it would be priced at such, rather than the $0.3 levels at current. Not much to make from this comment.

2) Commercialisation of products is not PH's game. His game is to get a product through the pipelines and market it to big pharma. He has done this. He has been open about being willing to do this with CAR-T where historically buyouts have occured pre-completion of phase 2 products whilst not ruling out taking it to commercialisation (as any level headed management would state).

This has about as much premise as any phase 1 biotech. Having said that, there are many a hurdle to push through. Don't assume that hasn't been taken into account though, the price is as such. Completely reasonable to await phase 1 clinical trial results, but note the safety barrier for CAR-T therapies and interventions seeking to target GBM are pretty low due to the nature of the disease process and the known risks and complications of CAR-T like cytokine storm etc.

These are all managed risks against a disease that has a <10% 5 year survival rate, and a cancer target chlorotoxin is currently being used for already in surgical resections.

Risk:Reward play at this stage of the biotech development but as a CAR-T, don't expect this to see the end of phase-2 in my opinion. This SP will mature quickly and I'm placed to increase my stake following phase 1, but am not missing out on the prices at this level.

Cheers

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Thanks sk1ns1, appreciate your insights and reasoning. CHM is on my watchlist but the current SP doesn't leave me with enough margin of safety.

Cheers

CHM Price at posting: 29.3¢ Sentiment: Hold Disclosure: Not Held
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(20min delay)
Last 1.0¢		Change 0.000(0.00%)		Mkt cap ! $9.951M

Open	High	Low	Value	Volume
1.1¢	1.2¢	1.0¢	$38.54K	3.639M

Buyers (Bids)

No.	Vol.	Price($)
9	2646760	1.0¢

Sellers (Offers)

Price($)	Vol.	No.
1.1¢	729690	4

View Market Depth

No.	Vol.	Price($)
9	2646760	0.010
17	5662631	0.009
19	6301003	0.008
12	5691427	0.007
7	2844766	0.006

Price($)	Vol.	No.
0.011	600000	1
0.012	367088	3
0.013	453846	2
0.014	705016	3
0.015	579596	1

Last trade - 16.10pm 08/11/2024 (20 minute delay)

CHM (ASX) Chart

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