MEI Pharma Set To Explode With Announcement Of Lucrative Partnership [Seeking Alpha]
MEI Pharma, Inc. (MEIP)
Last mei pharma, inc. earnings: 2/6 04:02 pm
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US:NASDAQ Investor Relations:
investor.meipharma.com
Company Research
Source: Seeking Alpha
It has been quite some time since my last stock recommendation. However, I have continued to be on the lookout for small-cap biotech stocks that are dramatically undervalued. With the pandemic leaving a lot of uncertainty in the markets, I have been looking not only for small-cap stocks with a lot of upside but also a substantial amount of cash on hand to fund operations and not have to dilute under poor market conditions. In the small-cap space, this is not easy to come by. However, MEI Pharma (MEIPIt is shocking to me that the stock did not move more on announcing the deal. It initially jumped up to $3.64 per share but has fallen back to ~$2.40, which is where the shares were trading in early March before the deal. To be trading at a ~$250 million market cap after such abig dealHowever, this deal stands out to me because of the hefty $100 million upfront cash payment, combined with the ability to get almost $600 million more in milestone payments.In my opinion, MEI Pharma is a steal
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MEIP
News
- MEI Pharma, Inc. (NASDAQ: MEIP) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- MEI Pharma, Inc. (NASDAQ: MEIP) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- MEI Pharma, Inc. (NASDAQ: MEIP) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- MEI Pharma, Inc. (NASDAQ: MEIP) had its "hold" rating re-affirmed by analysts at Stifel Nicolaus. They now have a $7.00 price target on the stock.MarketBeat
- MEI Pharma shelves plans for a second return of capital [Seeking Alpha]Seeking Alpha
MEIP
Earnings
- 2/13/24 - Miss
MEIP
Sec Filings
- 2/29/24 - Form EFFECT
- 2/28/24 - Form 424B5
- 2/21/24 - Form 8-K
- MEIP's page on the SEC website