Australia's largest stock trading and investment forum Australia's #1 stock forum

NEU

Click for more information

0.35%

$19.97 neuren pharmaceuticals limited

Merck to acquire Prometheus in a US$ 10.8 b deal, page-94

First 94 Last

Share
Profile

Follow
Sawvic

203 Posts.

57

14/02/24

20:03

Post #: 72410116
Share

Originally posted by ashgood123: ↑

As evidence, he points to the acquisition of neurological therapy business Reata Pharmaceuticals by Biogen for $US7.3 billion ($11.2 billion) in July 2023.By comparison, Neuren had a market value of $2.9 billion on February 12 and De Silva says Reata’s lead drug, Skyclarys, treats a condition two-and-a-half times less prevalent than Rett syndrome.

Daybue is exceeding forecasts for initial adoption and patients are tolerating the treatment regimen above expectations,” says Smith. “More excitingly, the next drug [at the clinical trial stage] has produced positive topline results with the phase 2 trial.”Hashan De Silva, founder and managing partner at medtech investment fund KP Rx, reckons Neuren’s success makes it a takeover target for big pharma. De Silva formerly worked as a healthcare analyst at broker CLSA and hedge fund Karst Peak.

Neuren: Sophie Smith, an investment analyst for the SGH Medical Technology Fund, believes the biotech company will continue its stunning rise – 1609 per cent higher over the past five years. Neuren has commercialised a drug named Daybue to treat neurological disorder Rett syndrome in children and has other drugs in clinical trials.

Expand

below

NEU Price at posting: $22.88 Sentiment: Buy Disclosure: Held
34 Upvote

0 Great analysis

Reply

Top Stories

ALK

Alkane Resources hit 57.2Kozpa gold production through FY24 – and eyeing 70Ktpa in FY26

LAT

Latitude 66 Shares Surge 8900% on Promising Exploration Update

XRG

XReality Group wins $800K contract from Aus Government for military and police VR training tech

LLC

ACCC raises competition concerns about acquisition of Lendlease projects

AS2

Askari sets exploration target of up to 323K ounces Au at Burracoppin

There are more pages in this discussion • 14 more messages in this thread...

First 94 Last

Add NEU (ASX) to my watchlist

(20min delay)
Last $19.97		Change 0.070(0.35%)		Mkt cap ! $2.552B

Open	High	Low	Value	Volume
$20.22	$20.44	$19.85	$4.194M	209.5K

Buyers (Bids)

No.	Vol.	Price($)
1	2772	$19.93

Sellers (Offers)

Price($)	Vol.	No.
$19.99	3310	1

View Market Depth

No.	Vol.	Price($)
2	441	19.840
1	979	19.830
1	26	19.810
3	1278	19.800
2	4391	19.790

Price($)	Vol.	No.
20.000	150	1
20.030	441	2
20.050	1010	2
20.090	979	1
20.100	157	2

Last trade - 16.10pm 04/07/2024 (20 minute delay)

NEU (ASX) Chart