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45.3¢ dimerix limited

Taylor's Initiation, page-24

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88888acct

709 Posts.

649

10/12/19

17:10

Post #: 41894968
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Originally posted by 88888acct: ↑

Yes.

Peers post Ph 2b success:
- PAR - Ph 2b success awaiting Ph 3 trial approval $711.5m MC;
- OPT - Ph 2b success awaiting Ph 3 trial approval $809.9m MC.

Undervalued bios have typically run in the lead up to the phase 2 results. E.g. Paradigm released their Phase 2b data on the 18th of December 2018, the closing share price before the announcement was $1.29. 3-month prior $0.946-month $0.67; and12 month $0.24. BTW 0.24 was $47.7m MC - just to highlight how undervalued we are here. It ran to $200m prior to release.

As for OPT, that was $200m prior to results also - end markets of OPT and PAR are not dissimilar.

Stating the obvious here but,Dimerix currently sits 6 months before not one, but two phase two readouts right now. Should see a rerate over next few months given we are at 19.5m EV (could be up to 10x higher based on peer analysis) and a massive rerate upon success. Crazy risking when you think diabetic subset of ph2a achieved 35% and this trial just needs 30% improvement.

8's.

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**35.6% ABOVE standard care (irbesartan) which is 24% when administered alone - Ph 2a combined ~60%.

DXB Price at posting: 13.5¢ Sentiment: Buy Disclosure: Held
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Last 45.3¢		Change 0.018(4.02%)		Mkt cap ! $249.1M

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