Post by
longterm56 on Aug 30, 2022 10:33pm
TaiMed Biologics up 20% in 2 days
Anyone know what's causing TaiMed to be up 10% (max allowed on Taiwan exchange) in each of the last two days?
-LT
Comment by
SPCEO1 on Aug 31, 2022 12:11am
I looked at it briefly after the first 10% jump but did not find any obvious reason. But I need to look more closely.
Comment by
qwerty22 on Aug 31, 2022 9:13am
Looks like they've had these moments before over the course of the past year. It hasn't stopped the slow decline of the stock.
Comment by
SPCEO1 on Aug 31, 2022 11:07am
I was not able to find any news item or other reason for the jump in Taimed's share price. Perhaps they are about to sell more stock and the underwriter is pumping the stock price up for that? They have about $25million in cash left, $25 million in debt and had negative cash flow of around $18 million over the last year.
Comment by
qwerty22 on Aug 31, 2022 4:48pm
Their monthly revenue is consistently down +50% YoY in 2022. Maybe investors/analysts have some hope in their follow on products. At least those products are more inline with what other HIV companies are seeking to develop. https://ir.taimedbiologics.com/irwebsite/monthlysales.php