RE:AEZS close... WTF? PBaelishh wrote: Anybody have any ideas as to why AEZS went up 20% or .36 today?
This is the first full week of the New Year. It's back to work.
More details on the merger expected around the end of the month.
H.C. Wainwright had a US$15 target on AEZS before a recent huge spike in biotech. It's only at US$2.18!
US$15 works out to a market cap target of ~C$100 million for AEZS. As a merger of equals with each company's shareholders controlling 50% of the new company the new company could be seen as having a C$200 million market cap target price with events(eg. diagnostic results, licensing deal, PGX scale-up, PGX licensing deal, etc.).