RAC 5.44% $1.65 race oncology ltd

For those thinking this is sell off is all to do with RAC,...

  1. 352 Posts.
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    For those thinking this is sell off is all to do with RAC, here's a comparison chart of RAC and IMU over the last 3 months. I don't really follow or keep up with what's happening with IMU, but they're a different company, with different management and employees, have different products, with different treatment methods and MOA, in different stages of development, with different preclinical and clinical data, a different market cap, a different share price, different cash backing, have different trials running, different relationships with pharma, universities and hospitals, different news flow, and (I assume) have a largely different shareholder base... in fact, what do they have in common other than being a biotech listed on the ASX developing cancer treatments? Yet their price action is almost perfectly in sync.

    https://hotcopper.com.au/data/attachments/5374/5374656-419455783a25157c45e2e53f84b1a2f2.jpg
 
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