RE:Valuation of TSTIt's worth adding this to CASE 2:
"Under the financial terms of the agreement, Telesta is eligible to receive up to US$137 million in upfront and milestone payments comprising a US$10 million upfront payment and additional payments contingent upon achievement of regulatory and sales milestones. In addition, Telesta is eligible to receive meaningful tiered double-digit royalties on net sales of MCNA in the licensed territories."
Granted, we don't know the exact numbers but it will definitely add value in this scenario.