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Pharmaxis Ltd has multiple potential value inflection points with two drugs advancing in clinical trials

Pharmaxis Ltd (ASX:PXS) (FRA:UUD) has multiple potential value inflection points over the next two years, with two drugs in clinical trials that are due to report meaningful efficacy and safety endpoints in patients by the end of 2022.  The company has a platform technology that has delivered a pipeline of first in class or best in class clinical drugs for inflammatory and fibrotic diseases. The first of these drugs already has an IND approval from the FDA and is currently being trialled in myelofibrosis patients. Its lead asset PXS-5505 – with disease-modifying potential in myelofibrosis – is in Phase 1c/2 trial, with further collaborations to extend the value of PXS-5505 in a variety of other oncology indications where there is strong unmet need.

Pharmaxis sells Bronchitol rights in Russia and completes placement

Date Time Pharmaxis sells Bronchitol rights in Russia and completes placement Australian company Pharmaxis has sold Russian distribution rights to cystic fibrosis therapy BRONCHITOL (mannitol) and completed a $4.4 million placement to institutional investors. BRONCHITOL was discovered and developed in Australia. Pharmaxis manufactures the medicine at its facility in Sydney. The company has announced the sale of BRONCHITOL distribution rights in Russia to Turkish company GEN İlaç ve Sağlık Ürünleri San. ve Tic. A.Ş. (GEN) for A$2 million. Pharmaxis said 70 per cent of the A$2 million fee is now payable with the remaining 30 per cent due in 12 months.

Pharmaxis Ltd secures $4 4 million in placement to support ongoing myelofibrosis and skin scarring clinical studies

Pharmaxis Ltd secures $4 4 million in placement to support ongoing myelofibrosis and skin scarring clinical studies
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Karst Peak says Australia is rich for short-selling

Why the ASX is a rich target for short-selling Mar 1, 2021 – 12.00am Save Share Hedge fund industry pioneer, billionaire, and Tiger Management founder Julian Robertson is credited by Adam Leitzes as the greatest influence on his investing career. Leitzes was hired by Robertson in 2008 after passing an infamous psychological evaluation as part of the interview process to work for the godfather of hedge funds at Tiger. Adam Leitzes of Karst Peak Capital Limited poses for a portrait in the Central district of Hong Kong.  Isaac Lawrence “It’s a two to three hour test examining things like personality, intelligence, and integrity,” says Leitzes. “Over time the data from this exam has helped Tiger to predict what types of individual will be successful investors and fund managers.”

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