Tag: Motley Fool

Are you looking to add a growth share or two to your portfolio? Then take a look at the three ASX shares listed below.

Here’s why they could be growth shares to buy right now:

Altium Limited (ASX: ALU)

With the Altium share price down almost one-third from its 52-week high, it’s no surprise to see brokers recommending it as a buy. Especially given the electronic design software provider’s outstanding long term growth potential thanks to its exposure to the rapidly growing Internet of Things and AI markets. These are driving strong demand for its Altium Designer and Altium 365 software and also its other businesses such as Octopart. Morgan Stanley has an overweight rating and $40.00 price target on its shares.

Aristocrat Leisure Limited (ASX: ALL)

Another growth share to look at is Aristocrat Leisure. It is one of the world’s leading gaming technology companies. Thanks to its industry-leading pokie machines and the huge potential of its digital and social gaming business, Aristocrat Leisure has been tipped to grow strongly over the 2020s. Especially once the pandemic passes and casinos around the world are open as normal again. Analysts at Citi recently put a buy rating and $40.60 price target on its shares.

ResMed Inc. (ASX: RMD)

A final growth share to look at is ResMed. It is a medical device company which has a focus on sleep treatment solutions. It also creates ventilators, which have been experiencing incredible demand because of the pandemic. Over the last decade the company’s revenue and earnings have grown at a very strong rate thanks to the quality of its products and its large and growing market opportunity. In respect to the latter, management estimates that there are almost one billion people with sleep apnoea globally and a little under half a billion people that suffer from chronic obstructive pulmonary disease (COPD). Morgans has an add rating and $30.99 price target on ResMed’s shares.

More reading

• How to turn $20,000 into $225,000 in 10 years with ASX shares
• What this broker thinks of the Altium (ASX:ALU) share price
• 2 top ASX growth shares to buy in January
• ASX 200 rose 1.6%
• 3 mid cap shares hitting 1-month lows on the ASX today

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends Altium. The Motley Fool Australia has recommended ResMed Inc. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post 3 ASX growth shares to buy right now appeared first on The Motley Fool Australia.

from The Motley Fool Australia https://ift.tt/2LGIhPv

The Cogstate Limited (ASX: CGS) share price has been fluctuating today after the company released a business update to the ASX.

Earlier today the Cogstate share price was trading 2.33% higher but has now dipped into the red and is down by 0.47% to $1.07 per share.

About Cogstate 

Cogstate is a neuroscience technology company aiming to optimise brain health assessments. As such the company provides services to measure cognition and optimise the assessment of brain health to aid in new medicine development and provide earlier clinical insights. 

What did Cogstate announce?

This morning, ASX healthcare company Cogstate released its quarterly sales update. The company reported that its clinical trials sales contracts executed during the last quarter of 2020 amounted to US$14.3 million.

That result takes the total value of sales during the first half of FY21 to US$22.6 million, which is down from US$26.9 million the prior corresponding period. The company noted that the global pandemic has resulted in sales delays for the company.

In the healthcare segment of the business, Cogstate also announced that it has received a payment from Japanese pharmaceutical giant Eisai. The payment is part of a global license agreement, in which Eisai has agreed to pay Cogstate an upfront royalty of US$15 million to exclusively distribute its digital cognitive technologies. In addition, the agreement provides for cumulative royalties of at least US$30 million over the term of the license, unless terminated earlier.

Management commentary

The strong half year result follows the record US$46.0 million of sales contracts executed in FY20.

Cogstate CEO Brad O’Connor welcomed the news, saying:

In the context of the global pandemic and the various stay-at-home orders in place around the world, which have certainly made trial recruitment and participation more difficult than normal, the clinical trials sales result is very pleasing. This result demonstrates that the level of demand from pharmaceutical companies for Cogstate technology and services that was evident during FY20 has continued into FY21, notwithstanding the challenging external environment.

The company also noted that its recent deal signed with Eisai has not been included in the quarterly or half yearly results.

The Cogstate share price is trading 194% higher than this time last year, and on current prices the company has a market capitalisation of $182 million.

More reading

• CogState (ASX:CGS) share price up 44% today and a mind-blowing 207% in 2020

Motley Fool contributor Daniel Ewing has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post What’s moving the Cogstate (ASX:CGS) share price today? appeared first on The Motley Fool Australia.

from The Motley Fool Australia https://ift.tt/3bqQt1f

The Douugh Limited (ASX: DOU) share price remains suspended on Monday as it continues its correspondence with ASX Ltd (ASX: ASX) in respect to potential breaches of its recent placement and backdoor listing transaction.

However, this afternoon the company has released details on the queries that the stock exchange operator has made and also its answers to them.

What did Douugh say?

A lot was asked and answered by Douugh in this release, but the main takeaway was that the parents of director Bert Mondello were issued a significant number of shares in breach of listing rule 10.11 before selling them for a big profit.

According to the release, corporate lawyer Steinepreis Paganin has reviewed its re-compliance register and found that Mr Mondello’s parents were issued 3.35 million Douugh shares for 3 cents per share in a re-compliance capital raising. 3,117,500 of these shares were sold in October for a profit of $200,470.

The parents received a further 422,727 shares for 22 cents per share during its recent placement, which was announced along with its deal with Humm Group Ltd (ASX: HUM) in December. The Douugh share price ended that day at 29 cents, which was 32% higher than the placement price.

These compliance breaches certainly aren’t a good look for a company that was until recently calling itself a neobank.

Douugh’s shares will remain suspended while the ASX’s enquiries continue.

What is Douugh?

Douugh is a financial wellness app provider aiming to disrupt the business model of banking.

As things stand, however, it is unclear how many users the company has for its app, which is available in Apple’s App Store with a 3.9 star rating from 54 reviews.

What else remains unclear is just how the company is going to differentiate itself in a crowded financial wellness market filled with other apps that arguably have stronger features and better ratings.

More reading

• Here’s why the Douugh (ASX:DOU) share price remains suspended
• Douugh (ASX:DOU) to acquire Goodments: report
• What is happening with the Douugh (ASX:DOU) share price?
• These were the best-performing ASX IPOs in 2020
• Here are 6 of the top performing ASX fintech shares of 2020

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post Douugh (ASX:DOU) share price remains suspended after listing rule breaches were found appeared first on The Motley Fool Australia.

from The Motley Fool Australia https://ift.tt/35thf5z

Australian fintech Tyro Payments Ltd (ASX: TYR) is scrambling to fix an outage that’s seen many of its small business customers unable to accept credit and debit cards.

Tyro provides terminal devices that allow businesses to process end customer card payments. Last week it revealed 15% of its active terminals were dysfunctional due to a “connectivity issue”.

Over the weekend, the company revealed the fix cannot be sent out remotely. Tyro and its terminal supplier will have to collect all the faulty devices then deliver them back to customers. 

The outage, as of Monday, was into its 7th day. The company advised customers over the weekend they may not receive a working terminal until the end of this week.

Meanwhile its customers, which are mainly small businesses, are fuming at the disruption.

“Guys, what the hell. Two of my venues can’t accept card for four days. I’m expecting you guys will cover loss of revenue?” said one customer on social media.

Another business owner said a mere apology was not good enough.

“We are going bankrupt yet all you can say sorry for the inconvenience! I would like to know how you plan your business? Any business have their contingencies and backup strategies and being [a] tech company, how [are] you guys running business like this?” the customer said.

“We need compensation for all the losses!”

Tyro declined to comment to The Motley Fool on Monday.

The Tyro share price has sunk 3.34% to $3.18 at the time of writing.

Tyro customers leave and sign up with rival suppliers

Some customers have already dumped Tyro for rival service providers, like Commonwealth Bank of Australia (ASX: CBA) or Square Inc (NYSE: SQ).

“After having my Tyro crash Wednesday, Thursday, Friday I went and got a touchscreen Squarepay ($450) and have it running now,” said one former client on Facebook.

“The question is how long has Tyro known that the faulty machines needed to be manually fixed.“

Another customer turned to a big bank.

“Bunch of jokers! I sat on hold for an hour then received ZERO assistance. Back to CommBank for me and my multiple businesses.”

Some small businesses have even missed payments for services provided because of the Tyro outage.

“My wife has just had her first refusal to pay from a customer ($190 cut/colour service) with [the] customer saying that it is the salon’s fault that she is unable to make payment,” said one person on social media.

“Fortunately we have CCTV footage, a name, a phone number and a possible place of work for this person. Recovery of this amount will further add to the time wasted by your service not working.”

The disruption is a major hit to Tyro’s credibility that it built up the past few years as an alternative to the major banks.

The company also took a hit last month when authorities found it sent 150,000 illegal spam email and text messages over the last 2 years.

Tyro was granted a banking licence back as a private company back in 2015, then listed on the ASX in 2019.

Some analysts had expected Tyro shares to be a major winner in 2021 as small businesses in industries like travel and hospitality spring back to life after the coronavirus pandemic.

More reading

• 3 top ASX share picks for 2021
• 4 reasons why the CBA (ASX:CBA) share price could be a buy
• Why the Tyro Payments (ASX:TYR) share price is on the move today
• Why ANZ, Westpac, and the rest of the big four are storming higher today
• ASX 200 drops 1.1%

Tony Yoo owns shares of Square. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends Square. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Tyro Payments. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post Angry Tyro (ASX:TYR) customers jump ship appeared first on The Motley Fool Australia.

from The Motley Fool Australia https://ift.tt/35vhsoN

The Family Zone Cyber Safety Ltd (ASX: FZO) share price has failed to rally today after the cyber safety platform provider released a record quarterly update.

The Family Zone share price is up 205.88% in the last year, while the S&P/ASX 200 Index (ASX: XJO) is down 2.73% over the same period of time.

What’s affecting the Family Zone share price?

In today’s update, Family Zone indicated more than 100% growth year on year (YoY) across all key metrics for the December quarter. These highlights include:

Contracted new schools: 425 (143% YoY growth)
Contracted new student licenses: 233,000 (164% YoY growth)

The company also managed to sign contracts with a total value of $4.1 million during the quarter (103% YoY), while simultaneously collecting $2.5 million from customers (101% YoY).

Family Zone now has more than 1.5 million contracted students and 1.67 million on the platform. This comes after the student-focused, cybersecurity operator entered into the US market more than 2 years ago.

Since then, Family Zone has been making a concerted effort to establish a foothold in the expansion market, comprising of 57 million students. Subsequently, the company reported it is now servicing more than 3% of US school districts.

At the end of the December quarter, Family Zone reported a 324% growth in its school trials pipeline. Additionally, the company grew the number of schools on its platform to 3,133 (153% YoY). The contracted number of schools now using Family Zone’s services stands at 2,862 (145% YoY).

These results reportedly exceeded all internal expectations and targets for all regions. The company expects to update the market on its annual recurring revenue growth in the upcoming quarterly activities update.

A quick Family Zone recap

Family Zone is a leading cybersecurity solution at home, on the go, and at school. In the company’s words, “Family Zone lets kids be kids – and empowers parents to be parents”. Its solution provides tools for managing screen time, blocking adult content, limiting social media, managing in-app purchases, etc.

As Netflix documentaries, such as The Social Dilemma, bring the public’s attention to the mental health impacts of unfettered social media use among children and teens, cyber safety is becoming a more prominent concern.

In short, Family Zone wants to be the primary solution provider to this sizeable, $64 billion, market opportunity.

At the time of writing, the Family Zone (ASX: FZO) share price is down 2.55% at 50 cents per share. 

More reading

• Angry Tyro (ASX:TYR) customers jump ship
• Bank of Queensland (ASX:BOQ) share price touches 52-week high today
• Digital Wine (ASX:DW8) share price rises as wine shipments boom
• Why the QBE (ASX:QBE) share price is in focus today
• Bell Potter names the ASX industrials shares to buy in 2021

Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post What’s the go with the Family Zone (ASX:FZO) share price today?   appeared first on The Motley Fool Australia.

from The Motley Fool Australia https://ift.tt/3nzNENT

The Bank of Queensland Limited (ASX: BOQ) share price touched its 52-week high of $8.10 earlier today, before pulling back to $8.06 at the time of writing.

What’s been moving the BOQ share price

There has been no specific news from the bank in 2021, but the ASX market has seen positive sentiment towards banking shares in this year’s trading so far. All Big Four banks have seen share price gains in the first weeks of 2021.

The BOQ share price has gained 4% so far since the start of 2021.

As comparison, the shares of its regional rival Bendigo and Adelaide Bank Ltd (ASX: BEN) are up by 3% in 2021. However, the Bendigo share price of $9.74 is still a long way from its 52-week high of $10.63.

The BOQ share price has actually been on the up since early December, when the company revealed that it was performing in line with expectations in FY 2021.

In that announcement, the bank reported a significant reduction in COVID19-related loan deferrals. At the end of November, just 3% of its housing loans and 3% of its small to medium sized business (SME) loans were on deferral. This represents an 80% and 82% reduction, respectively, since the end of June.

Since that announcement on 8 December 2020, the bank’s shares have risen steadily by 3%.

A quick take on the Bank of Queensland

Bank of Queensland is smaller than its regional bank rival, the Bendigo and Adelaide Bank, and is considerably smaller than the four major banks.

After the 2019 CEO appointment of former Westpac Banking Corp (ASX: WBC) executive George Frazis, the bank said its strategic plan would centre on a digital transformation of its core banking offerings.

About the BOQ share price

The BOQ share price has gained around 10% over the past 12 months. The bank’s share dropped to a 52-week low of $4.51 in May 2020, but has since recovered to current levels.

The Bank of Queensland currently commands a market cap of $3.65 billion.

More reading

• ASX 200 down 0.4%: Afterpay tumbles, bank shares lower, gold miners crash
• 2 quality ASX dividend shares with 6%+ yields
• Interest rates could be at ultra low levels for years, so buy this ASX dividend share
• ASX 200 up 0.4%: Afterpay & Zip charge higher, NAB rises, Harvey Norman hits new high
• Do Australian consumers care about chaos?

Motley Fool contributor Eddy Sunarto has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post Bank of Queensland (ASX:BOQ) share price touches 52-week high today appeared first on The Motley Fool Australia.

from The Motley Fool Australia https://ift.tt/39oahja

The Digital Wine Ventures Ltd (ASX: DW8) share price rose by more than 2% this morning after the company announced that its wine shipments have blasted up over 1,000%, month-to-month.

The Digital Wine share price has soared by more than 14% over the past month.

A growing customer base

Digital Wine aims to identify and invest in early-stage technology-driven ventures that have the potential to disrupt and digitally transform segments within the global beverage market. The company supports these ventures providing access to capital, expertise and share services.

Since its last company update, Digital Wines has racked up 16 new customers. The business recently acquired Wine Delivery Australia, which is presently being rebranded as WineDepot. Nearly half of the new customers gained through the acquisition are McLaren Vale-based wineries.

Commenting on this, CEO Dean Taylor said, “McLaren Vale is a prime example of how word of mouth, positive testimonials and customer referrals have helped us develop a dominating market share in a very short amount of time.”

WineDepot shipped close to 25,000 cases in December 2020. December 2020 orders in total came in at 12,884, a 113% increase over November 2020.

The Wine Delivery Australia acquisition

Upon completion of the Wine Delivery Australia acquisition announced 30 November 2020, WineDepot added an additional 180 new brands to its platform. 

The essence of the Wine Delivery Australia service is to dispatch orders directly from cellar doors to customers. This saves money by cutting out the need for a mainstream carrier. This ‘door-to-door’ service was a new offering for WineDepot, enhancing the company’s value proposition by breaking into new territory. 

Mr Taylor commented on the acquisition:

While it’s a relatively small acquisition, I expect the synergies, value proposition improvements and customer relationships will generate a lot of value for DW8 shareholders in due course. It also shows the potential for us to accelerate the development of the WINEDEPOT business through carefully selected strategic acquisitions.

At the time of writing, Digital Wine shares are swapping hands for 4.8 cents. The current Digital Wine share price gives the company a market capitalisation of $74.99 million.

More reading

• Why the QBE (ASX:QBE) share price is in focus today
• Bell Potter names the ASX industrials shares to buy in 2021
• The Neuren (ASX:NEU) share price is falling today despite positive news
• Castillo Copper (ASX:CCZ) share price rockets 47% on major copper discovery
• 3 ASX dividend shares with yields above 4%

Motley Fool contributor Gretchen Kennedy has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post Digital Wine (ASX:DW8) share price rises as wine shipments boom appeared first on The Motley Fool Australia.

from The Motley Fool Australia https://ift.tt/3oKTNbD

The QBE Insurance Group Ltd (ASX: QBE) share price has edged higher after an early announcement today. The Aussie insurer has now finalised the renewal of its 2021 reinsurance program effective 1 January 2021.

At the time of writing, the QBE share price is up 0.23% at $8.58.

Why is the QBE share price on the move?

QBE told the market the 2021 reinsurance program was placed in line with expectations, at terms “slightly better” than allowed for in its planning.

Reinsurance is when an insurer purchases insurance from others to reduce risk in the event of large claims. It helps to reduce risk in the event of catastrophes where many claims may arise from the same event.

QBE has increased its main catastrophe tower to $3.4 billion, up from $3.3 billion in calendar year 2020. North America peak catastrophe retention is $200 million, down from an initial $400 million in 2020 which was reduced to $150 million due to coronavirus.

QBE’s US and Australian non-peak catastrophe retention increased to $175 million, up from $125 million in 2020. Retention for other non-peak perils remains unchanged from 2020 at $100 million.

QBE said the increase in catastrophe aggregate attachment reflected exposure growth, increased US and Australian non-peak retentions and recent industry-wide catastrophe frequency.

Foolish takeaway

The finalisation of the reinsurance program for the year has been well-received with the QBE share price climbing higher, despite broader softness in the S&P/ASX 200 Index (ASX: XJO). Shares in the Aussie insurer are now trading with a dividend yield of 3.6% per annum with a $12.7 billion market capitalisation.

After this morning’s update, the QBE share price is now trading slightly higher than where it started the year.

Aussie insurers have started the week strongly with QBE not alone in climbing higher. The Insurance Australia Group Ltd (ASX: IAG) share price has jumped 2.74% higher to $4.88 per share at the time of writing. Similarly, shares in Suncorp Group Ltd (ASX: SUN) are up 1.27% to $10.39 per share.

More reading

• ASX 200 down 0.4%: Afterpay tumbles, bank shares lower, gold miners crash
• The latest ASX “buy” recommendations from top brokers
• Why the SelfWealth (ASX:SWF) share price is on the rise this morning
• Why the Costa Group share price (ASX:CGC) is crashing this morning
• 5 things to watch on the ASX 200 on Monday

Motley Fool contributor Ken Hall has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post Why the QBE (ASX:QBE) share price is in focus today appeared first on The Motley Fool Australia.

from The Motley Fool Australia https://ift.tt/38xrkjS

Analysts at Bell Potter have been busy finding ASX shares from several industries that they believe are best placed to have a strong 2021.

On this occasion, I’m going to look at the industrials sector. Here are a couple of shares they rate highly:

Carbon Revolution Ltd (ASX: CBR)

One share in the industrials sector that Bell Potter is positive on is Carbon Revolution. It is an advanced manufacturer that has developed single piece carbon fibre automotive wheels to an original equipment manufacturer (OEM) quality standard. Bell Potter has a speculative buy rating and $3.72 price target on its shares.

It notes that the company has achieved commercial adoption across several major models. This includes with car giants Ferrari and Ford.

The broker commented: “CBR is expecting to return to strong sales growth in 2H21e, after CY20 was characterised by COVID-related disruptions to key customers Ferrari and Ford, which are expected to continue to impact 2Q21e volumes.”

“We see a range of other positive catalysts in 2H21e that should support capital growth, including: (1) 2-4 official vehicle launches, two of which are expected to enter production; (2) positive gross profit before the end of CY21e; and, (3) the potential to win new vehicle programs, such as the Asian based OEM that is currently in engineering validation stage,” it added.

Flight Centre Travel Group Ltd (ASX: FLT)

Another industrial share that Bell Potter rates highly is this travel agent giant. The broker currently has a buy rating and $19.00 price target on Flight Centre’s shares.

It is a fan of the company largely due to its increasingly important corporate business, which it notes is now attributable to two-thirds of its earnings.

Its analysts commented: “We are most attracted to FLT’s Corporate business which generated 67% of FLT’s profit despite making up only 43% of the Company’s TTV.”

“The company also has a significant presence in the leisure travel market, particularly in Australia. This business – which naturally carries a high fixed cost-base due to its extensive in-store network has undergone a significant restructure since Covid-19 strangled the demand for travel – also provides a value driver which is leveraged to a rebound in international travel,” it added.

And while it recognises that the pandemic is not over and the short term carries risks, once the crisis passes it is expecting Flight Centre to “restore earnings at higher margins with the removal of structural costs and market leadership from FLT’s corporate business to be the key drivers of value over the long-term.”

More reading

• These are the 10 most shorted shares on the ASX
• The Flight Centre (ASX:FLT) share price dropped 60% in 2020: Will 2021 be better?
• Bell Potter names the ASX shares to buy in 2021
• These are the 10 most shorted shares on the ASX
• 5 things to watch on the ASX 200 on Monday

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Carbon Revolution Limited. The Motley Fool Australia has recommended Carbon Revolution Limited and Flight Centre Travel Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post Bell Potter names the ASX industrials shares to buy in 2021 appeared first on The Motley Fool Australia.

from The Motley Fool Australia https://ift.tt/3i1PZjq

The Neuren Pharmaceuticals Ltd (ASX: NEU) share price has changed direction today despite positive news on its drug trials. 

In early morning trade, the biopharma company’s shares were up 2.7% to $1.50. But the Neuren share price has since sunk 3.75% to $1.41 at the time of writing. The All Ordinaries Index (ASX: XAO) is also down today, currently 0.45% lower at 6992 points.

A quick take on Neuren

Based in Victoria, Australia, Neuren develops therapies for an array of neurodevelopmental and neurodegenerative disorders. The company currently has 2 key drug products in the pipeline, NNZ-2566 and NNZ-2591. The first of which is aimed at treating Rett syndrome and Fragile X syndrome. Both are currently in phase 3 and phase 2 trials, respectively.

The second drug in development, NNZ-2591, is advancing to provide remedy for Phelan-McDermid, Angelman and Pitt Hopkins syndromes. Neuren is conducting phase 1 trials with plans to commence phase 2 sometime this year.

What did Neuren announce?

Neuren has been granted received three Orphan designations for its second lead drug candidate, NNZ-2591. This treats Phelan-McDermid, Angelman and Pitt Hopkins syndromes. 

The favourable decision from the European Commission was based on the recommendations of the European Medicines Agency (EMA).

Orphan designation relates to a company receiving bonus benefits from achieving incentivised targets. This includes free protocol assistance, fee reductions, and 10 years of market exclusivity within the European Union. The period can be extended with a further 2 years if the company is approved for paediatric use.

That means that no other similar product can be granted a marketing authorisation approval from the EMA or EU countries.

About the Neuren share price

The Neuren share price has fallen more than 45% in the past 12 months.

The company’s shares hit a multi-year high of $3.04 in February before COVID-19 sent shockwaves throughout the world. The result left the Neuren share price plummeting to a 52-week low of 96.5 cents.

More reading

• Why the Cann Group (ASX:CAN) share price is moving today
• Why the IMEXHS (ASX:IME) share price soared 6% higher today
• Why the DroneShield (ASX:DRO) share price is surging higher
• Here are the best All Ordinaries performers of 2020
• How does fiscal stimulus impact ASX share prices?

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post The Neuren (ASX:NEU) share price is falling today despite positive news appeared first on The Motley Fool Australia.

from The Motley Fool Australia https://ift.tt/2Lye0m5