Morning EVG'ers27 Apr 2018 08:18
Great day yesterday but really just the very start.
broker target of 113p and this is imo easily achievable due to the multibillion dollar markets and the sheer scalability of the Sulforadex technology in so many different disease areas. Imo once phase 2 is proven up Evgen will be subject to a bid from big pharma, make no mistake this is a biggy with blue sky potential, IMM went from 30p to 200p last year with a �200m plus mcap without much promotion! Pharma stocks can be explosive and I believe this will be extremely explosive even more so with the tiny free float available.
Worth noting Big pharma companies are very interested in SFX-01 and one even tried to buy Evgen shortly before it was floated at 37p back in December 2015 but Franklin and his team want to deliver Phase II data on both breast cancer and SAH before concluding a licensing deal or deals.. well guess what we have the conculsion of these trials commencing this quarter at is down at 22p!
6bn market revenue opportunity for the two current phase 2 trials with the SAS trial already been granted orphan drug designation. SFX-01 also has the opportunity to be used in Austism, MS, arthritis and lots of different cancers, so from the current �15m mcap I cannot see a better Pharma on aim for blue sky multibag potential for 2018.
IPO 37p back in 2015 had big ii backing when Phase 2 trials were 2-3 years off! Now we are reaching the sharp end of delivery price is at all time lows. And its fully funded. Such an opportunity.