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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Performance update for March, stocks that drove returns & our current positioning
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Fri 19th April – ASC200 -117pts, Pilbara (PLS), Whitehaven (WHC) & Woodside (WDS)
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Market Matters Research Lead Shawn Hickman with David Koch
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Friday 19th April – DOW up 22pts, SPI down -55pts
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MM is neutral to positive IMU
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