RE: Have we just had a treeshake?11 May 2023 17:21
I know this share like the back of my hand, a day like today is perfect for picking up some cheap shares ahead of two major inflection points, 16th May FDA meeting for CIDP, 7th June FDA meeting to approve Lupozor phase 3, we get both of these then what is a company worth that has two phase 2/3 trials going in multi billion dollar potential markets, with Lupozor funded for $25m by Avion….. 10p and well north of 10p would be my guess especially with the Lupus market in desperate need of new drugs, a nice licensing deal for CIDP and an upfront cash payment to IMM is what they have planned and if that comes off there won’t be the need for any more dilution, even a small £5m upfront licensing payment would cover IMM for 2 years! Lots to look forward to over the next month, 2 huge company making catalysts, appproval on Tuesday and we will be building towards 5p ahead of the main event on 7th June for Lupozor, never in IMM history has it not moved up significantly into an FDA decision date, this time is no different apart from the fact the share price is beaten down, positive news and this multibags a good few times over