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GMDA - Gamida Cell: Strong Performance Post-IPO Data In The Near Term
Gamida Cell Ltd.
Shares of small Israeli biotech firm Gamida Cell (GMDA) have performed admirably out of the gate, rising over 60% so far since its October IPO. One telling sign that this one could do well was the fact that insiders (Novartis and Cial Biotechnology) chose to purchase $37.5 million out of the $50 million total raised (75% of the deal). Another good sign was that a number of investment banks were involved (BMO Capital Markets, RBC Capital Markets, Needham & Company and Oppenheimer & Co.).
With data presentations from the company´s NAM-NK and