IMU is a $1.6bn biotech that’s also more than halved over the last 6-months, its been a sorry tale across the sector. The business manufactures vaccines for gastric and breast cancers and we believe its recent collaboration with giant Merck & CO. is very encouraging providing a degree of confidence to accumulate into current weakness.
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Buy Hold Sell: The best and worst performers of FY25
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Wednesday 2nd July – Dow +400pts, SPI up +18pts
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Tuesday 1st July – ASX +10pts, HMC, IFL, SGH
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MM is neutral to positive IMU
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