EYE 0.00% 18.0¢ nova eye medical limited

EYE Summary (August 2024): Incredibly Undervalued, page-374

  1. 112 Posts.
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    Not sure if this has been posted already or not, but drug company MSD recently acquired a medical drug company EyeBio which develops a drug to treat DME (diabetic macular oedema). 1.3 Bn USD upfront and up to addtional 1.7 Bn USD in milestone payments.
    https://www.msd.com/news/msd-to-acquire-eyebio/

    This seems the same field (disease) that 2RT is currently authorized in Europe (if I am not mistaken): https://simovision.com/assets/Uploads/Brochure-Ellex-2RT-EN.pdf

    Seems like a positive event, which I think signifies how undervalued NovaEye is - not only in the iTrack front, but also in the 2RT side which seems to get no valuation at all.
 
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