Whoever bought above 40 sen, better cut loss, unless you can wait for magic to happen. Correction phase for covid related companies will get worse in coming months.
"0155 MGRC MSIAN GENOMICS RES CENTRE BHD OTHERS OTHERS MALAYSIAN GENOMICS RESOURCE CENTRE BERHAD ("MGRC" or "THE COMPANY")-VARIATION OF PURPOSE OF UTILISATION OF PROCEEDS ARISING FROM THE DISPOSAL OF 100% EQUITY INTEREST HELD IN MPATH SDN. BHD. TO GRIBBLES PATHOLOGY (MALAYSIA) SDN. BHD. FOR A TOTAL CASH CONSIDERATION OF RM42.0 MILLION ("DISPOSAL") TOGETHER WITH EXTENSION OF TIMEFRAME FOR THE UTILISATION OF PROCEEDS FROM THE DISPOSAL"
"MALAYSIAN GENOMICS RESOURCE CENTRE BERHAD ("MGRC" or "the Company")-TRIPARTITE AGREEMENT WITH ICARTAB BIOMEDICAL CO. LTD. ("ICARTAB") AND ADVANCED IMMUNE THERAPEUTICS SDN. BHD. ("AIT") IN RELATION TO ADVANCE THERAPEUTICS PRIMARILY IN T-CELL BASED THERAPY" excuse me, who know this? good or bad?
This article explains the therapy and cost pretty well...
CAR-T cell therapy is expensive because of the unique way that it works. Doctors harvest patients' immune cells, genetically alter them to rev up their ability to fight cancer, then reinfuse them into patients.
Not sure how the costing works for medicine in malaysia when in comparison to the USA.. but a single treatment in USA is around USD 375,000... if you add up hospital fees etc then patients there are looking at an expense of around USd 1.5million... out costs should be way lower.. but then again its cancer so who knows what kinda economics are being considered here. The benefit to it is that' it's pretty much a single use drug. One time treatment and done.
Results are pretty decent for this therapy with test showing 30-40% going into remission
However, if your asking how the counter will do nowadays... no clue.. if it ain't covid related then it's probably a peripheral issue..
healthcare theme play..switching from glove theme :)... all healthcare moving anticipating to benefit from Covid directly or indirectly
PHARMA [s] Health Care, Main Market YSPSAH [s] Health Care, Main Market KPJ [s] Health Care, Main Market KOTRA [s] Health Care, Main Market AHEALTH [s] Health Care, Main Market TMCLIFE Health Care, Main Market DPHARMA [s] Health Care, Main Market IHH [s] Health Care, Main Market NOVA Health Care, Ace Market MGRC [s] Health Care, Ace Market
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Posted by Papaping > 2020-05-27 07:35 | Report Abuse
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