Resultz Nuvo completed the tech transfer and the Varennes facility is set up to manufacture Resultz to its distributors, which adds one layer of value.
The team apparently is still incentivized to sign a US distributor by year end.
They are hoping for a multiple in the teens of revenues.
Resultz typically dominates a market that it’s in.
Here’s an estimate for the US lice market - 440 million by 2024.
If you include an upfront payment, licensing revenue royalties, and sales from manufacturing at Varennes, that’s a good number to the bottom line.
I get that the team is incentivized for year end and have been in talks with a potential distributor. I hope they make it happen.
https://www.marketwatch.com/press-release/head-lice-infestation-drug-market-size-to-surge-at-43-cagr-poised-to-touch-usd-440-million-by-2024-2019-05-10