RE: Keep Holding - This will Come Good.19 Aug 2022 20:06
dallo
When they announced the PK study back in april IMM went in double figures, the PK test was needed for phase 3 trials, i think there is some placing churn going on, good thing is its small, £1m is not huge.
Once IMM drug gets back to phase 3 i think there will be rerate.
two comparative companies with phase 3 product are valued at £57m and £111m, with avion doing all the hard work and IMM fully funded for at least 1 year, i see this rerating to double figures when fda approves phase 3 trials.