How is it that in the last few trading days 3-4 million shares bought a few thousand sold yet the price is pushed down,would love to know how this works?
26 Feb '15
Potentially earning £129 million from the adenosine receptor antagonist technology with a market cap of £200 million would suggest to me that this company may well be undervalued (of course this subject to development, regulatory and sales milestones being achieved) With £70.6 million of cash resources according to the last set of results on the balance sheet and no debt i would say this company is sound This is why Neil Woodford owns over 15% of the company. This company has a very bright future
26 Feb '15
But just noticed MCAP! :D
26 Feb '15
Vernalis plc today announces that it has licensed exclusive, worldwide rights in its adenosine receptor antagonist programme, including the lead drug candidate, V81444, for use in all therapeutic applications to a well-funded, US-based biotechnology company. The transaction includes a $1 million upfront payment and has the potential for Vernalis to earn over $200 million subject to development, regulatory and sales milestones being achieved. In addition there are single digit royalties payable if a product reaches the market, with the potential to reach double digit royalties in certain circumstances
25 Feb '15
Woodford has gone from 10% to 15% since November 5th. The strange thing is that there has been no mention of it, in his portfolio fund round up......Is he still buying and wants to keep it under the radar?......Is it for his new Patience Fund?......
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