RE:$6M Bought Deal FinancingFrom what I know, the syndicate of underwriters came to Valeo with the bought deal.
They want to take a position but couldn't buy on the market because of limited float that creates huge swing in the SP when they start buying.
This is good sign of confidence and interest in the cie.
With the 5 products coming to market in the next 4-5 months, the revenu will increase by 3X to 5X within 1 year, and the market cap will follow the same path.
Big pharma in the making with excellent business model with no risky R&D, just product that generates growing revenu that are immune from recession. I love it
Even more, with covid 19, government spent so much money and created huge deficit, they will have to cut expenses. This tells me that all the provinces will follow British Colombia and 3 other provinces and order by law to buy generics when available.
With Redeska coming in september, and being the only generic heparin (bio similar) of the 200 millions Canadian heparin market, there is a good chance that Redeska will grab a significant part of the market.
And Redeska is one of many allready on the market or coming to the market for Valeo.
The big players start to discover Valeo. It is just a matter of time for Valeo SP to increase at new higher level IMHO.