Spin off company?18 Apr 2025 18:00
Just a thought, and not sure this is usual or viable in biotech, but it can be a good way to release investor value.
Maybe someone is interested in Glymab, but Scancell don't want to completely let it go, they could spin it off as a separate company, split shares, say one quarter to Scancell, one quarter to existing investors and sell half the shares to the interested party to raise enough funds to take it forward at speed. They would then have effective control but Scancell would still have an interest, and a potential way to raise funds for the other pipelines, by selling their shares.
Investors would be happy, and L’Huillier comes off as a genius for non-dilutive funding and giving value to investors.