RE: Very similar trial in Australia1 Jun 2024 19:31
The oracle. Hi your post and figures mentioned grabbed my attention. £28pounds per share you say, 3 billion market cap. May Sound like pie in the sky figures,approx a 66 fold increase from current price.
However link below confirms your prediction is no pie in sky.
Out of the 10 listed the biggest leap from previous days close was 95% gain. So it seems that if the news is good one would expect that the majority gains are made in the run up before anyone of us in the public domain will have a clue that a takeover is on the cards.
The main link is at bottom of page but the following example shows that upon First noise of good data Prometheus trebbled in value in two days.
The big prize in the deal is PRA-023 (now MK-7240), a novel candidate in ulcerative colitis (UC), Crohn’s disease and other autoimmune conditions. The monoclonal antibody made waves in December of 2022 with a phase 2 readout that was so impressive that it shot Prometheus’ stock price from $36.06 per share to $117.21 over a two-day span
https://www.fiercepharma.com/special-reports/top-10-biopharma-ma-deals-2023