DJ 2015 a Watershed Year for Starpharma, Says Bell Potter -- Market Talk
[5:48 ET] Starpharma's (SPL.AU) recent A$21.5 million capital raising prompts Bell
Potter to cut its price target by 10% to A$0.99/share, but the broker remains upbeat
about the stock's prospects. Starpharma's cash balance stands at around A$39.3
million, which would allow it comfortably to progress its pipeline of advanced drugs, the
broker says. Interest is building in Starpharma's dendrimer-docetaxel drug in
development, following positive preliminary data from trials on animals and a phase-one
trial in humans. Bell Potter, which retains a buy call, says the company is better
equipped to engage in meaningful licensing discussions with both existing and potential
partners on its various drug-delivery program. Separately, Bell Potter thinks
Starpharma's VivaGel Coated Condom will start generating revenue from the second
half of 2015, rising to US$20 million in FY21 as the product is launched in new markets
and marketing encourages more people to try it. SPL last traded at A$0.475.
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- 2015 a Watershed Year for Starpharma, Says Bell Potter
2015 a Watershed Year for Starpharma, Says Bell Potter
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Last
12.5¢ |
Change
-0.005(3.85%) |
Mkt cap ! $51.50M |
Open | High | Low | Value | Volume |
12.5¢ | 13.0¢ | 12.5¢ | $44.65K | 352.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 9490 | 12.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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13.5¢ | 135727 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 9490 | 0.125 |
12 | 258840 | 0.120 |
8 | 215760 | 0.115 |
6 | 417226 | 0.110 |
4 | 245523 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.135 | 135727 | 8 |
0.140 | 68614 | 5 |
0.145 | 357819 | 5 |
0.150 | 303765 | 5 |
0.155 | 20000 | 1 |
Last trade - 16.10pm 28/03/2024 (20 minute delay) ? |
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Last
13.0¢ |
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Change
-0.005 ( 4.00 %) |
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Open | High | Low | Volume | ||
13.0¢ | 13.0¢ | 13.0¢ | 52582 | ||
Last updated 15.59pm 28/03/2024 ? |
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