Still no investment case, motif bio????23 Feb 2020 11:09
The problem here is there aren’t any real big investors on board, Invesco selling why? The recent disguised placement at 18p was disgraceful really. Why didn’t they offer us investors the chance to buy at 18p?? With 20% (roughly) of the company still to be sold it’s going to be a long long time before this becomes an investment.
The FDA currently make it very very difficult and costly for small pharma like mereo to get FDA approval. The big companies pay huge backhanders to them to get there’s approved and in a timely manor.
You only have to look at what happened at motif to realise what could happen here but the thing is it happens very quickly, one dodgy RNS and it could be 3p!! If invesco and link had sold out I feel a punt may be worth it but with those still actively selling it doesn’t currently make sense to invest.