The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Unbelievably this is 30% off from the high hit with the FDA approval of Fruq.
Re: Buy backs, there is still much spending to be done to get to cash flow positive from sales and royalties alone, but as they dont expect to raise more capital they are likely to end up in a position where they have excess capital….but that is an issue for a few years time.
In the short term they should buy in the market as treasury shares to meet share awards to staff and Directors.
I think that resolution is always there and I can't see them doing Buybacks for years......they seem to be inept when it comes tro shareholders interests or strategic actions rto build shareholder value. Almost a vanity Project for CKHH.....
Resolution 5 of last years AGM which received almost 100% of votes cast
5. To grant a general mandate to the Directors to repurchase shares of the Company.
Here's a search of today's RNS release on share buy backs, no less than 4 pages
https://www.londonstockexchange.com/news?tab=news-explorer&headlines=76
I know there's not many on his board, but could I suggest copying above link along with a note and sending into the board for airing - if anyone needs contact details I can post here.
Given the small free float a share buy back would make a noticeable difference, this has become standard with many companies on both sides of the pond actively buying back shares.
Worth checking the LSE RNS first thing in the morning to see just how prolific it is, perhaps if a few of us on here suggest it then it may get tabled at next AGM.
It was mentioned in one of the recent messages, that the company was working towards “safeguarding investors’ interests”. No sign of any such activity. On the other hand, market makers have acquired a freehand to treat this share as they wish. What exactly is happening? Really miserable feeling to watch this kind of decline in the sp, while the company is making good progress in developing and marketing new therapies for oncological and immunological conditions.
Has the management got to say anything about this poor sp? Finally, being remotely helpful, can this low low valuation trigger interest in M&A activity?
Speaking to CNBC at the World Economic Forum in Davos, Switzerland, on Tuesday, Winters said Washington and Beijing are now “pretty interlinked” and that for any president to “aggressively disentangle” would be bad for the U.S., Chinese and global economies.
https://www.cnbc.com/2024/01/16/stanchart-trump-is-transactional-but-may-not-rock-the-boat-on-china.html
Only one trade this morning…..v unusual.
ITP is one of the haematological indications. Www search also brings up articles and news items mentioning many other immunological and haematological malignant conditions. It would have helped us if the company reiterates which are the conditions where Savlo is being developed as a useful therapy .
Searching the www suggests ITP has a prevalence of 9.5 per 100k people…..and it appears to be global rather than concentrated in certain markets…..more importantly, the condition persists for many years with an 80% survival after 5 years…hence the pharma co just needs to get to the patient for a multi year treatment plan.
You would think this would meet criteria to attract a global partner.
There must be much wider market for Sovleplenib as it has been developed for treating autoimmune conditions and haematological malignancies like lymphomas. It will be interesting to watch if the company can get another major player to collaborate, if required.
Amazing, still under price when Takeda deal was announced, curve on interest rates looks encouraging as does US relations with China (at the moment)
M& A continues at a pace with GSK acquisition this week - got to be in it to win it !
Yes some positive news…slightly behind schedule, but priority review will help get this to market in 2024 (approval in June/July?)
They did also promise an NDA for Amdizalisib in 2023….they have not given a trial result for that as yet…..to be confirmed whether that has been a positive result….the P1/2 trial numbers were very small so may not have been that representative of the larger Ph2 registration study….in which case it will be a full ph3 or deprioritised….
First piece of good news for the new year!
NMPA has accepted NDA for Sovleplenib for treatment of adult patients with primary immune thrombocytopenia, for review and granted priority review. As we are aware, HCM has been developing Sovleplenib for the treatment of hematological malignancies and immune diseases.
All a bit strange really, even got Cramer on the case now lol
https://www.cnbc.com/2024/01/05/cramer-names-biopharma-companies-as-industry-mergers-start-to-accrue.html
What about proposing a share buy back with spare cash ?
Can buyback boom revive the FTSE 100?
https://www.thisismoney.co.uk/money/investing/article-12931451/Can-buyback-boom-revive-FTSE-100.html
a pretty poor session for pharma in hk.
hcm only down 3%
innovent -7
beigene -9
a big 6 months for fru*****inib coming up……eu and japan approval. china approval of gastric cancer snda…..and the small matter of the royalties from early us sales.
Hong Kong-based AI-driven company sells potential breast cancer drug in deal whose value could exceed US$500 million
Insilico grants Italy’s Menarini Group, the global rights to develop and commercialise a novel small molecule inhibitor, as a potential treatment for hormone-sensitive cancers
https://www.scmp.com/business/banking-finance/article/3247263/hong-kong-based-ai-driven-company-sells-potential-breast-cancer-drug-deal-whose-value-could-exceed
FTSE private takeovers will continue 'unless action is taken', analysts warn
The 'relentless' pace of delisting and takeovers by foreign buyers will continue if urgent action to incentivise UK stock ownership is not taken, a senior analyst has warned.
https://www.thisismoney.co.uk/money/markets/article-12921859/FTSE-private-takeovers-continue-unless-action-taken-analysts-warn.html?ito=email_share_article-top
AZ has signed another Chinese deal with Allorion (operates in China and US, but appears to be unlisted in US). The deal looks similar to that struck with HCM for Savo. A new EGFR drug will be developed by AZ in return for staged milestone payments and future royalties.
the company has very little track record of safeguarding investors interest, aptly demonstrated by ckhh's botched placing ****-up a few years ago, although to be fair it appears even senior management weren't aware it was going to happen. sometimes i get the feeling this is a ckhh vanity project.
In case, management has any genuine intention of safeguarding investors’ interests, it is not yet been made visible. Rather, the short sellers have been playing the market, fearlessly. Even after the Takeda deal (worth a third of the market value of the company), share price has failed to recover. No news of new fund holders/ institutions showing interest.
Hope 2024 will bring back the long last shine to the sp. In the mean while, investors have to remain philosophical for this company working hard to develop new therapies to patients diagnosed with serious health conditions.
All we really know is there has been a shift towards commercialisation and shareholder interests, if this includes a takeover while keeping their long term goals intact then possible.
Given the figures involving Takeda deal, you have to wonder if this topic has not already surfaced before.
Is the majority holder interested, at all, in receiving an offer, irrespective of what other, institutional and private, investors’ wishes?
As a minnow holder, I am interested to see an offer price!!
It looks like HCM has missed its China NDAs for Sovlep and Amdiz. I am somewhat surprised by the former as the results were read out in August, so a full four months have passed.
Resources are likely more limited due to the restructuring of the company this year and possibly focused on negotiating NDRL than new applications…..
They will need to up their game in 2024 as they now have listed 9 applications (including the confirmatory savo study) for completion by end of 2024. If they dont file in 2024, these cannot be approved and marketed in 2025 (unless there is accelerated approval).
Every missed milestone delays approval and defers revenue….. An extra $m or two spent on the regulatory processes in 2024 will be repaid manyfold in 2025/26.
Those that successfully pushed for a change in strategy will no doubt be monitoring all of this M & A activity.