BIT 7.14% 6.0¢ biotron limited

Have Merck beaten us to the punch?, page-38

  1. 499 Posts.
    lightbulb Created with Sketch. 273


    Merck did a Joint Venture with Ridgeback Biotherapeutics to release the Covid-19 treatment molnupiravir.

    Yes, they have beaten BIT to the punch so far.
    As far as I know, it is also a small molecule drug.

    There can be little excuses from MM on the commercial aspects of the business such as dealmaking .


    But the fight is far from over with covid19.
    Covid19 is going to be around for a while.
    The opportunity is still present.

    MM would do well to analyse what Ridgeback Biotherapeutics did right to secure a deal with Big Pharma!!!
    I note...
    molnupiravir is not 100% effective...and it doesn't have to be!!!

    ie.
    Did you know they tested their candidate against covid19 using ferrets?
    There was a reason for that also.
    Some of the testing was sponsored by the US government also for this drug!

    BIT need to do a JV deal with the remaining Big Pharma with their best covid19 candidates or a deal with the governments.

    They need to partner with Big Pharma or Government to take advantage of the fastracking.
    There is a huge unmet need still.

    Fortunately for BIT, there is the covid19 candidates and the BIT225 for HIV!
    With the appropriate deal, BIT would easily become a multibagger.

    The focus needs to be solely on the dealmaking with Big Pharma.

    GLA BIT holders






 
watchlist Created with Sketch. Add BIT (ASX) to my watchlist
(20min delay)
Last
6.0¢
Change
0.004(7.14%)
Mkt cap ! $54.13M
Open High Low Value Volume
5.7¢ 6.3¢ 5.7¢ $92.07K 1.570M

Buyers (Bids)

No. Vol. Price($)
1 16017 6.0¢
 

Sellers (Offers)

Price($) Vol. No.
6.1¢ 104736 1
View Market Depth
Last trade - 16.10pm 07/05/2024 (20 minute delay) ?
Last
6.0¢
  Change
0.004 ( 7.14 %)
Open High Low Volume
5.6¢ 6.3¢ 5.6¢ 239420
Last updated 15.55pm 07/05/2024 ?
BIT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.