RE:RE:RE:60 million cash and a promising lead drugCanaccord below assumes only 30% chance of success. Do you realize what happens to your money if the 70% occurs, and how much bigger 70 is than 30? Insane risk - consider how many slam dunk medical devices you can buy into nowadays with super low risk.
"Assuming a probability of success of 30%, a royalty rate of
12% on peak revenues, and a discount rate of approximately 15%, we calculate a NPV
of $3.26 on a per share basis."