Dundee Corp T.DC.A

Taurx Press from Genting

[Catscratch]

News article dated today with some comments from Genting on TauRx.

https://www.klsescreener.com/v2/news/view/1345595/genting-hopes-20-associate-taurx-s-alzheimer-s-drug-gets-approval-soon

"Meanwhile, Genting president and chief operating officer Datuk Seri Tan Kong Han said the process of acquiring approval for the drug approval is moving fast.

 

“We are quite ahead with MHRA (the Medicines and Healthcare products Regulatory Agency in the UK). With the FDA — which is [currently waiting] for their feedback. So the process is ongoing,” Tan said."

[Macpoor]

I was thinking what made DC.A up .19 cents this moring until , I see your post Catscratch.  Thank you for the news! Have a good weekend!

[Catscratch]

Here's a clip from Genting's Chairman & CEO and President & COO on TauRx from yesterday:   https://youtu.be/Koz1Gq6g73M?si=ZrAdn5t2Zwb2z-qn

[TheCount11]

Thanks for update!  Can't help but wonder why we don't get updates like this from Dundee? Macpoor do you think Dundee is in process of selling their TauRx? 

[Macpoor]

Good morning TheCount11, Mr Goodman mentioned last week in the meeting that he is only interestd  in mining business.  I hope this message find your answer:))))

[jrj90620]

What do you guys think DC should expect from it's Tau holding?The pie in the sky evaluation says that Tau could be worth $15billion,which means DC's 4% would be worth $600 million.I don't know.There is going to be a lot of competion coming.I'm thinking,if DC could get $75 million today,I would sell the Tau shares.But,I don't know what a fair valuation is today.

[TheCount11]

Thanks Macpoor!

[Catscratch]

I don't there is really much new information here.  But I did find it encouraging to hear/see directly from TauRx's 20% owner that they think they are very close to approval from the UK regulator. At this point I think I'd prefer to see Dundee hold the investment until a firm regulatory decision is made.  Presumably if regulatory approval is received the valuation would be

[TheCount11]

Yes.  Will be a blockbuster after approvals.  Depending how they price it will be one of the top 5 revenue grossing drugs and TauRx Inc could be worth 30 Billion USD (likely more).  Why?   There are currently no pills that treat Alzheimer's.  Eventually nearly everyone gets dimentia which makes the market huge.   1) Works for certain patients 2

[Catscratch]

A valuation anywhere near $30B would be a great outcome.  Agree there are some significant benefits with HMTM including effectiveness, safety and easy of use...That said, not holding my breath.

[TheCount11]

Back in the day the industry would say "Cheapest Patient is a dead Patient" as NICE considered cost as well.  Getting regulatory approval from UK is a huge win.  As you know pretty much everyone is covered by some sort of government insurance once they are 65.  Every country.  Including US.  Imagine you or someone you love is suffiering from Alzheimers and you

[Catscratch]

Agree.  Once it's approved by a reputable western regulator others will follow.  I would expect TauRx to realize a significant valuation increase with the first major approval.

[Macpoor]

Thank you Catscratch !