Food for Thought. THTX chart v Immo by Trial PhaseFood for thought. If the cut/past picture doesn't appear, here's the link:
5x Phase 1 through Phase 2, 4x Phase 2 to Approval. All in, 20x....Equates to $70 a share. Only $7bil mkt cap.
$21bil takeover value ($90) equates to $210 share price for THTX. Is SORT1+ worth more than Trodelvy?
Further, Trodelvy is for only one indication..3L or greater mTNBC. And it received a CRL because of some issues.
Cut the stock in half.
The preclinical was started in 2007 and Fast track was granted late 2014. They started Phase 1 in 2013.
Various safety issues arose as they perfected the drug. So it was not without some hair on it.