Investment13 Apr 2020 15:54
A member of my family invoildHi Karen, I've checked them out and they seem ok, but it's a gamble with medical research companies - until they find the magical drug molecule they generate zero money. If they discover the magical molecule then it's jackpot and they generate millions overnight. Until then they survive off grants, investments and sponsorships, generating little cash. They have two phase 2 trials underway which is half promising, but if the drug they're trialling doesn't work it's another 5 years at the drawing board. Look at Croda if I were you. Incredibly cash rich and was at £53 before Corona, now down at £44 and climbing every day. Will be back at £53 before end of the year, a very safe bet. Opinion on Sareum - fairly safe, but almost no return on investment unless they strike it lucky. I bio chem.