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CHM - Chimeric Therapeutics

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27 June 2010
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Chimeric Therapeutics is a biotechnology company developing a breakthrough cancer cell therapy drug which was discovered at the prestigious City of Hope Cancer Centre in Los Angeles, California.

Chimeric antigen receptor (CAR) T Cell therapy is regarded as one of the most promising areas of cancer research today. CAR T cell therapy is a commercially relevant and powerful therapeutic modality that engineers a patient's T cells to establish de novo antitumor immunity targeting cancer cells. The technology has generated high clinical response rates primarily in blood cancers. The first CAR T cell products have been recently approved by the FDA for the treatment of leukaemia and lymphoma.

Chimeric's CAR T technology, known as CTLX-CAR T, has completed many years of pre-clinical research and in September 2020 dosing of patients with glioblastoma (brain cancer) commenced as part of Phase 1 clinical trials at City of Hope Cancer Centre in Los Angeles.

Chimeric has the worldwide exclusive licence to technology from City of Hope pursuant to a Licence Agreement.

It is anticipated that CHM will list on the ASX during January 2021.

 
possibly will happen:

Listing date18 January 2021 #
Contact detailshttps://www.chimerictherapeutics.com/
Ph: +61 3 9824 5254
Principal ActivitiesChimeric is a biotechnology company developing a cancer cell therapy drug
GICS industry groupTBA
Issue Price$0.20
Issue TypeOrdinary Fully Paid Shares
Security codeCHM
Capital to be Raised$35,000,000
Expected offer close date14 December 2020
UnderwriterNot underwritten. Bell Potter Securities Limited and Baker Young Limited (Joint Lead Managers)
 

The company wishes to move on to a patient study involving 50 to 75 people following the completion of its phase one clinical trial later this year.
 
listed today , @ 20c a share

Pretty standard price and volume action. Intraday, 3 minute chart:
 
listed today , @ 20c a share

Pretty standard price and volume action. Intraday, 3 minute chart:
View attachment 118619
CHM is really going well considering the price changed since January posting and market price noted on Dona's post.

I am liking the stock for many reasons-
1. Technical Strength
2. Marketing strength
3. Connection with peer group
4. Phase 1 going on at a coveted place .
5. Price holding

I do hold IMU and ecstatic to see the connection between IMU and CHM

Leslie Chong - non executive director. Leslie is the pioneering doctor in MHM. Not by fluke.




 

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Some very auspicious looking personnel appointments lately. The new director announced today was with Celgene from start-up days and Celgene was bought out by Bristol-Myer Squibb for US $74B in 2019. Same field of endeavour. There was also a prior appointment of a seniour technician who spent 15 years with Cellgene.

Not Held

 
@finicky - I liked the word 'auspicious' - hope you are not going to call a clairvoyant .
On a serious note, the cross functional interests between CHM and IMU are immense.
 
Annual tip pick - Hopper, Chong and others have skin in the game. Self interest is a good horse to back.
 
The market's immediate response to a strongly dilutive entitlement offer - roughly adding a third onto the quoted shares and double that if the attached options are ever exercised. Offer @ 0.17, closed @ 0.16

 
The market's immediate response to a strongly dilutive entitlement offer - roughly adding a third onto the quoted shares and double that if the attached options are ever exercised. Offer @ 0.17, closed @ 0.16

View attachment 138007
This is one of my bad investments. The company showed the wrong finger to existing shareholders as well
 
@Miner , thinking of getting into it. A Tony Locantro pick for 2022, mind you he has probably done brokerage services to them. He's a fan of the main guy, Hopper I think?
 
Tony still keen apparently. Admits it's raising at a low point. Says read the preso and it's a "massive opportunity". Yeah maybe - it's a chart watch for me. CHM comments start at 3.30

 
I have a poor history with development stage biotechs and tend to stay away. Nonetheless, tossed the chart and bought a first and maybe final tranche @ 0.155. Mostly because of Locantro's recco and the little I've read about the founder.
 
What a mini disaster this has been so far for those with a pecuniary motive (aka, me)
I'm down 75% on my piddly holding. The gloss of the Midas touch has dimmed to less than a faint glow on Paul Hopper. Also on T Locantro. They're almost red flags by now.
Another highly dilutive capital raising, this one skilfully fashioned to lure in retail, with management putting in @ 0.046 while offering a SPP @ 0.04 maximum, but lower if share price is lower than 0.04.
Boy can they burn through cash: started off with Jan 2021 ipo cash of $35m @ 0.20 according to an early post on this thread, back at the ATM in Feb 2022, very dilutive 0.17, now back raising ~$5m @ probably less than 0.04.

Held, d'oh

 
up today. ... but well off earlier on
.
US Food and Drug Administration has cleared the Investigational New Drug application of CHM 2101, the company’s first in class CDH17 CAR T cell therapy for gastrointestinal cancers.

CHM plans to investigate CHM 2101 in a multi-centre, open label Phase 1A/B clinical trial for patients with advanced colorectal cancer, gastric cancer and neuroendocrine tumours.

since listing ...ended at 3.2c today on significant volume.
 
More volume, trend of small bodied candles - sometimes signifies a bottom.
Sector seems to be heating up? At least in the short term. I don't follow it - too many unknown unknowns for me.

Held

MONTHLY ALL DATA
 
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