Even Better!! ..........whc
Hey whc..... those valuations are even higher. There are 468 million S/O not the 414 mil. There was a lot of Debt to Shares Conversion etc. .... an outdated OS number was used but the SOTP's portion for ELND005 remains the same @ $3.97. Revised number is $2.65B and that translates to $34.50ish/TTH Share. All just ballpark anyways. For my own purposes I use a higher discount than that Analyst does......being more along the lines from the research numbers coming out of the Tuft's CSDD Think Tank.
Of course if ELND005 Phasell is deemed Pivotal and Approval is sought for a Symptomatic Label from Phasell Data......all bets are off and I would be more inclined to use a number much closer to the Probability of Success percentage that she uses for that scenario.
Yup.