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What now for ClarityPharmaceuticals (ASX: CU6) as Fusion Pharma (NASDAQ: FUSN) gets acquired byAstraZeneca for $2.4 billion, sending the share price skyrocketing by about100%!
Fusion Pharma’s stock shotup from $10 to over $21.00 a share during premarket at yesterday’s New Yorktrading (and held there), following an announcement of its agreement to a buyout by AstraZeneca! The amount Astra Zeneca is paying values the shares at that $21 + mark, so it won't go up further.
Clarity (ASX:CU6) has apipeline that uses a similar approach to Fusion’s (radioisotope treatment fortargeted cancers), with both looking like they are fighting for futuresupremacy in the treatment of prostate cancer.
Looking at thecorresponding pipelines, I see so much more to like in the CU6 pipeline, whichincludes diagnostics as well as therapeutics (theraanotics), and has 5candidates at Phase 2 or higher, versus just one in Phase 2 for Fusion.Further, the news flow from Clarity (CU6) has been quite impressive in the lastfew months. Their results have been brilliant.
To me, there is a lot moreto like about CU6, than what Fusion seems to have. So, I expect CU6 willattract some significant interest, if not already!
Do I wish for a buyout: Iactually do. It will help advance things faster and may just stop AstraZenecaand Fusion from sprinting ahead and stealing the market. But, I hope it’s goingto be really big, not just 100%!
Anyhow, I am adding (have justdone), and let’s see how far we go!
Industry News: A competitor just got bought out!, page-6
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Last
$4.86 |
Change
0.130(2.75%) |
Mkt cap ! $1.514B | |||
| Open | High | Low | Value | Volume |
| $4.66 | $4.89 | $4.57 | $3.779M | 795.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2500 | $4.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.87 | 5000 | 1 |
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| Last trade - 16.10pm 25/06/2024 (20 minute delay) ? |
| CU6 (ASX) Chart |