HI all, have been browsing some of the comments here thanks for sharing, this may have been posted already.
In my opinion, I think the recent sell down is a result of overall market sentiment however directly to Neu I feel like its becoming increasingly evident that Neu is looking to go alone in phase 3's despite as some have suggested being trigger happy to do a TO for any number, management team see the opportunity with this pipeline/platform drug. I think the market has taken a bit of a view that there is no defined timeline and expected a TO or partner deal by now with all 3 phase 2 results in and is factoring in some more risk factor for phase 3 trails and results. Similar in ways to when we got the partner ship with Acadia, market was expecting a whopping deal with big upfront $$ that never eventuated, neu got sold down on what was good news and years later an excellent deal, like then there would have been a portion of investors purely invested here recently for what seems a inevitable TO of such good assets based on phase 2 results.
Reality is our position has got stronger, those looking for TO easy exit may still get it, but I feel they are going all the way in full control of their assets, low cost Jon as been mentioning for phase 3's is well with in their reach for a drug that only has to repeat phase 2's trials which has overwhelming success. The best team in the world to develop these drugs Neu, I am more than happy to wait regardless of what the share price is today.
I did have to sell a few through out late last year and early this year from my personal portfolio, looking forward to buying more now, the gift that keeps on giving!
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Last
$16.71 |
Change
-0.590(3.41%) |
Mkt cap ! $2.135B |
Open | High | Low | Value | Volume |
$17.50 | $17.55 | $16.57 | $10.01M | 594.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 598 | $16.70 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$16.87 | 1676 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 50 | 16.600 |
1 | 602 | 16.590 |
3 | 3054 | 16.500 |
1 | 89 | 16.450 |
1 | 609 | 16.400 |
Price($) | Vol. | No. |
---|---|---|
16.880 | 1600 | 2 |
16.980 | 1900 | 1 |
17.000 | 5000 | 1 |
17.080 | 1500 | 1 |
17.170 | 1000 | 1 |
Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
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