I thought the deal was a very good deal for the following reasons .
1.The deal with Acadia pharmaceuticals is worth up to $1 billion dollars for America (only includes USA,Canada and Mexico.I liked the fact that Acadia has $230 mill in the bank and their major shareholder Baker Brothers has $16 billion in biotech investments .
2.I am sure pharma companies around the world will be ringing Dr T to put their hat in the ring for the rest of the world .
3.Does anyone seriously believe that Neuren could have raised $93 million to get trofinetide through Phase 3.
4.There was obviously a bit of hot money in the stock who hoped for a big up front payment which did not eventuate .A $100 million up front would take approx $400 mill off the potential milestones payments.
5.It is very easy for the keyboard warriors to have a go at Neuren directors and management .It has been my experience that there are plenty of people who think they are experts but unfortunately they could not run a chook raffle.
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$13.68 |
Change
0.070(0.51%) |
Mkt cap ! $1.763B |
Open | High | Low | Value | Volume |
$13.60 | $13.85 | $13.51 | $1.039M | 75.68K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 109 | $13.67 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$13.68 | 125 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 703 | 13.670 |
11 | 1462 | 13.660 |
10 | 1246 | 13.650 |
5 | 971 | 13.640 |
3 | 401 | 13.630 |
Price($) | Vol. | No. |
---|---|---|
13.680 | 80 | 5 |
13.690 | 325 | 7 |
13.700 | 393 | 3 |
13.710 | 437 | 3 |
13.720 | 983 | 6 |
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