Australian (ASX) Stock Market Forum

BIT - Biotron Limited

Jump to new
Joe Blow

Joe Blow

Administrator
Staff member
Joined
28 May 2004
Posts
10,833
Reactions
5,173
Biotron Limited (BIT) is a biotechnology company developing and commercialising therapeutics and diagnostics to address a range of health issues. BIT's current focus is on development of antiviral therapeutics and high-throughput screening technologies for cancer diagnosis.

http://www.biotron.com.au
 
Hmmm....Open label study in Bangkok with 8 patients, three of whom withdrew in the first three months (trial end point was 60 weeks) because of adverse effects of some of the drugs.

The primary objectives of the trial were the assessment of safety and tolerability.
Click to expand...

I think we probably need to wait for the double blind trials with a meaningful number of patients before popping the Champagne corks.
 
crypto said:
Hep C Cure
HIV Cure

Trading halt, pending formal announcement (an announcement re HIV cure was made on the 11th).

Watch this space...

http://news.iguana2.com/thebull/ASX/BIT/822527

http://au.ibtimes.com/articles/5692...d-asx-bit-hiv-cure-hepatitis.htm#.VDskX1cfjk3
Click to expand...

BIT j5 10-10-14.gif

We request a trading halt in advance of an announcement to be made to the market
concerning a material capital raising.
Click to expand...

That explains Friday's frenzy.
Nevertheless, I hold some as well.
 
They should make some sort of announcement today and come out of the trading halt as well. I wonder what will happen?

(I hold no shares in BIT, btw)
 
Breakout for Biotron today after the company announced a successful outcome to the BIT225-009 Phase 2 trial of its lead drug BIT225 in HIV-infected patients in combination with current antiretroviral drugs. The data shows that there are significant immunological benefits in patients receiving antiretroviral drugs with 200 mg BIT225 compared to antiretroviral drugs plus placebo.

BIT exploded north following the announcement and is currently up 126.3% to 4.3c.

Any success with a HIV-related clinical trial is always going to generate a lot of excitement and this is no exception. The critical question is, will it result in a viable treatment for HIV infection? Time will tell.

big.chart-BIT.gif
 
greggles said:
Any success with a HIV-related clinical trial is always going to generate a lot of excitement and this is no exception. The critical question is, will it result in a viable treatment for HIV infection? Time will tell.
Click to expand...

I knew you'd be all over this one Greg:xyxthumbs
 
greggles said:
Biotron is up another 24.4% today and is currently trading at 5.1c. Lots of optimism around BIT at the moment. The critical question is, how long will the optimism last?
Click to expand...
Ive been away last couple of days but BIT is starting to make some waves …..

Closed on its high today …. Up another 50+% …. Buy side looks positive … Sell side is thin … volume is big so the DT's are obviously on it …… Given the nature of their business and positive HIV trials, the DT's may keep working it over for a while …. Too much of a punt for me but I'm a chicken now days:D
 
barney said:
Given the nature of their business and positive HIV trials, the DT's may keep working it over for a while ….
Click to expand...

And work it over they did!! ………….. Big Volume last few days …. Only a small Market Cap so there could well be more fireworks before the fat lady sings;)
 
barney said:
And work it over they did!! ………….. Big Volume last few days …. Only a small Market Cap so there could well be more fireworks before the fat lady sings;)
Click to expand...

Gap up and massive volume today of over 100 million shares. BIT share price was up another 61.3% to 10c with an intraday high of 11c. From 1.9c to 10c in three trading sessions is an outstanding performance. Are there still more fireworks to come? The price action today would seem to indicate that BIT hasn't quite finished its epic run yet.
 
The Biotron Express just keeps on powering forward.

Today, BIT announced that it has received an R&D Tax Incentive refund of $1,072,831 for the 2017/18 financial year. The incentive refund results from expenditure on Biotron's antiviral drug development programs.

The company has confirmed that it is fully funded for current activities and that the cash rebate will strengthen the company's cash position and support commercialisation activities.

The BIT share price is up another 32.35% to 22.5c today. An amazing run over the last couple of weeks.
 
greggles said:
The Biotron Express just keeps on powering forward.

Today, BIT announced that it has received an R&D Tax Incentive refund of $1,072,831 for the 2017/18 financial year. The incentive refund results from expenditure on Biotron's antiviral drug development programs.

The company has confirmed that it is fully funded for current activities and that the cash rebate will strengthen the company's cash position and support commercialisation activities.

The BIT share price is up another 32.35% to 22.5c today. An amazing run over the last couple of weeks.
Click to expand...

It will possibly have been a life changer for a few Punters I'm sure … and good luck to them:xyxthumbs

Todays turnover of Shares amounted to over $15 million dollars so its not exactly thin trading either:eek:
 
barney said:
It will possibly have been a life changer for a few Punters I'm sure … and good luck to them:xyxthumbs

Todays turnover of Shares amounted to over $15 million dollars so its not exactly thin trading either:eek:
Click to expand...

$27mn if you include chi-x (which you should)
 

Similar threads

System
AYA - Artrya Limited
Replies
2
Views
1K
Country Lad
Country Lad
System
HIQ - HitIQ Limited
Replies
6
Views
3K
verce
V
bigdog
Holden brand to cease operation in Australia
2
Replies
22
Views
3K
Smurf1976
Smurf1976
kahuna1
All trading needs to cease for 14 days prior to Monday open in Sydney
2 3 4
Replies
75
Views
10K
divs4ever
divs4ever
britishcarfreak
AOP - Apollo Consolidated
Replies
3
Views
5K
System
System
Top