BOT 2.41% 8.1¢ botanix pharmaceuticals ltd

Next biotech to really go

  1. 16,464 Posts.
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    Botanix (BOT) which listed on Friday 15th July 2016 closed 50% higher at 3c, however with a fully diluted market capitalisation of around $12m with > $3m in cash it is hardly expensive. The market has been captivated with gold producers and lithium/cobalt transformers, however I am starting to see some interest return in the biotech sector. BOT offers significant upside potential based on,
    * Low market cap, win/win RTO for vendors and new investors. Top 20 at IPO owned 65% of the stock. There is currently only 252m tradable shares.
    * Strong management team that have overseen 10 FDA approvals between them. Matthew Callahan in video presentations is very impressive.
    * BOT as they develop BTX1503 also have partnering potential with psoriasis and dermatitis. This could generate news flow prior to phase 1 tests commence on the acne development.
    * BOT are aiming to provide not only an effective product delivered with permetrex but also a safe one without the risk of factors of oral medication such as accutane where those prescribed it are placed on suicide watch in some cases.
    * There have been no new major approved products in the treatment of acne in >10 years, whilst Proactiv have relied on the celebrity endorsement factor to sell its products.
    * Hotcopper members would have seen the meteoric rise of ResApp (RAP) to a market cap at one stage of around $300m, and if the trading frenzy takes hold BOT could have multiple upside from here based on a huge market for acne products and increasing interest in the use of cannabidoils
 
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Last
8.1¢
Change
-0.002(2.41%)
Mkt cap ! $78.82M
Open High Low Value Volume
8.4¢ 8.4¢ 8.1¢ $118.3K 1.433M

Buyers (Bids)

No. Vol. Price($)
1 73053 8.1¢
 

Sellers (Offers)

Price($) Vol. No.
8.2¢ 105783 2
View Market Depth
Last trade - 16.10pm 07/05/2021 (20 minute delay) ?
(live)
Last
8.1¢
  Change
-0.002 ( 2.41 %)
Open High Low Volume
8.4¢ 8.4¢ 8.1¢ 498693
Last updated 15.02pm 07/05/2021 (live) ?
BOT (ASX) Chart
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