bullish
Imugene (IMU AU): Promising Pipeline And Financial Muscle Power Are Biggest Strengths
280 Views24 May 2022 14:18
SUMMARY
- Imugene Ltd (IMU AU) shares faced panic-selling after the announcement of termination of the company’s supply contract with Merck. However, the study will continue with alternative supply arrangement.
- Recently, Imugene published a letter to the shareholders describing the strength and near-term catalyst of the company, which provided some respite to the stock.
- Overall, Imugene, with a cash balance of A$109 million, is well-funded to advance its unique immune-oncology pipeline toward commercial success.
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Tina Banerjee
Global Healthcare Analyst
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