There is an enormous amount of information in this and other threads @Wasabibarako.
Wombat777 created a new real value thread for RAC yesterday - read his post : https://hotcopper.com.au/posts/50737939/single
There is no way Bisantrene should be bought now for anything like still below $500 million to $1billion USD market value . *Fire sale , right now , without proper consultation with major Pharma.
** POC work this year is priority . Maximise & prove potentials.
Shareholder support is strong .
The RAC board would not approve of a low buyout value .
They have already been and will continue to be having communications with major pharmaceutical companies in the US and Europe .
RAC has an excellent global medical advisory team of consultants - top doctors , at some of the best oncology research and treatment facilities. eg in New York ; Prof Borje Andersson who heads the advisory team , based at MD Anderson ; and another notable haematology oncologist in France .
*RAC chairman Dr John Cullity - is a drug transaction specialist. This is his every day role - and he has his own company specialised in drug pricing and mergers and acquisition occurrences for pharmacological assets.
He is a very respected Haematologist Oncologist by speciality himself as his initial specialisation after Medicine studies in Australia. He then went on to achieve Masters and speciality in business , and worked for years notably mainly for Sanofi as a head of drug pricing and acquisitions for them .
He has managed $30 billion drug acquisition deals .
Dr Cullity has nearly 20 years experience exactly in this field - it is his job.
The Board members and Dr Cullity well understand the worth of Bisantrene .
He thinks & thought Bisantrene was worthwhile and took a position several years ago on the Race Oncology board.
He does not take high salary . None of the highly qualified board members do .
Their belief is very high .
The entire management team are global best standard , humble , ultra intelligent and experienced, hardworking , respected for past significant achievements, & have all lead other companies & development of initiatives including their own.
They put their energies and work only into what is worthwhile to do in life and work .
I believe Dr Tillet works around the clock, and maybe they all do .
As such , re value of RAC —
Dr Cullity is very committed to the very best outcome for Bisantrene & for the company .
He and the entire team are excited to bring Bisantrene to a worthy buyout , beneficial to all, and most want to see bisantrene back into the clinical oncology armamentarium. RAC is working on the best pathways to final approvals .
They will not undersell nor sell the company short.
The CEO , Phil Lynch , is an ex Johnson and Johnson executive and in reality has chosen to come back out of partial retirement to lead RAC .
Again - high belief from all the management team.
Really a major Pharmaceutical company needs to take bisantrene through all of the possible cancer trials , likely post -approval maybe for AML .
Very strong hands in RAC as mentioned .
Race is tightly held . Ultimately this will give best outcome for all . Market cap has still been too low .
Similar oncology drug deals - many with very narrow market applications , eg only for ALL , clinically have started at $1.2- $2 billion usd. ** see recent pharmaceutical deals .
Bisantrene scope as even independently uncovered by City of Hope (bisantrene FTO protein inhibition , precision oncology field , & possibly or probably other cancer promoting factors inhibition also imo ) ; and over 40 clinical trials and past registered use in France — show very broad efficacy for bisantrene across a broad range of difficult to treat cancers .
Bisantrene also seems to have high specificity against dire cancers such as melanoma , renal , ovarian and breast , AML , cancers to name some of the most important cancers , with high mortality rates where bisantrene has efficacy .
**Read wombat777 analysis for starters .
All the best . I’m really glad you are aboard !
- Forums
- ASX - By Stock
- RAC - Charts & Price Action
There is an enormous amount of information in this and other...
-
- There are more pages in this discussion • 18,698 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RAC (ASX) to my watchlist
|
|||||
Last
$1.71 |
Change
0.010(0.59%) |
Mkt cap ! $291.3M |
Open | High | Low | Value | Volume |
$1.76 | $1.79 | $1.66 | $307.6K | 176.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 615 | $1.62 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.74 | 609 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 615 | 1.620 |
1 | 12000 | 1.615 |
1 | 20000 | 1.610 |
3 | 21625 | 1.600 |
1 | 1279 | 1.555 |
Price($) | Vol. | No. |
---|---|---|
1.735 | 609 | 1 |
1.800 | 13808 | 4 |
1.820 | 4000 | 3 |
1.830 | 4000 | 1 |
1.850 | 14401 | 2 |
Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
Featured News
RAC (ASX) Chart |