GREY:ATBPF - Post by User
Comment by
PoorOpinionon Apr 21, 2018 11:53pm
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Post# 27922711
RE:RE:RE:RE:WOW ATE TARGET 1.40 !!!!
RE:RE:RE:RE:WOW ATE TARGET 1.40 !!!!Thanks for the extra info. I agree with you. The 30% seems high, I thought the Zack's number (12%?? 15%??) made more sense. On timelines I dont think approval(if we get there) can come before 2021 and you would hope they can get it completed before 2024. Maybe these are best seen as the low and high ends of a plausible range of an approval timeline. With money in their pocket I dont think Wallace will take his time, if you include NicOx he's been at this for the whole of this century :)
But as with many things for Antibe its all dependant on what the partnership deal looks like.
Bobwins wrote: The analyst gave a 1 year price target of C$1.40 so it's not that unreasonable. In the analysis there are pluses and minuses. He used a royalty rate of up to 30% so income is much higher after commercialization BUT he uses 2024 as the approval and commercialization date. This is far later than Zack's date of 2021. In order for Antibe to get that high a royalty rate, they would probably have to finance the phase III trials themselves. Given the company's preference for finding a phase III partner to finance the trials, this seems odd.