In today’s briefing:
- Pre-IPO AIM Vaccine – AIM Is Overvalued, with Uncompetitive Pipeline and Challenging Outlook
Pre-IPO AIM Vaccine – AIM Is Overvalued, with Uncompetitive Pipeline and Challenging Outlook
- AIM needs to rely on both human rabies vaccine and HBV vaccine to contribute majority revenue,but the outlook is challenging. Their revenue would decline due to competition and product upgrading.
- Most of AIM’s vaccine candidates are in early development stages. There’re many competing candidates in more advanced development stages.The pipeline lacks competitiveness and it’s hard to generate forecasted profits.
- Although the issue price is discounted significantly, AIM is still overvalued. Reducing the size of IPO to maintain a good share price doesn’t work. When investors exit,accumulated pressure will explode.
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