RE: News incoming soon21 Feb 2025 10:33
Tim McCarthy CEO on Immupharma now being well funded for the next 1.5-2 years:
"We weren't particularly outlooking for money if I am honest, however... a very small number of very long standing shareholders made it known it would be useful to take some more onboard at this point that they would be prepared to back a fund raising..."
"We would not have taken another Lanstead arrangement unless we were absolutely confident of the news flow coming up this year ... and the effect that positive news flow we expect to have on the share price."
Strong statements by the CEO indicating positive news flow is to be expected later this year. Also interesting to hear that initially they were not looking for more funds, I guess also as result of the cost cutting efforts done over the last few years. All in all well funded with limited overhead.
IMM have set themselves up for a strong negotiation position for any potential future JV partnerships, P140 license deals or takeover imo.