Post by
Noteable on Jul 18, 2023 10:40am
Pfizer partners with startup Flagship valued at US$7 Billion
Julu 18, 2023 - "Pfizer and Flagship will explore up to 10 single-asset \start-up programs, which Pfizer will fund and have the option to acquire. Flagship and its companies will be eligible to receive up to $700 million in milestones and royalties for each program that hits the market, giving Tuesday’s deal a maximum potential value of $7 billion."
"The collaboration will leverage Flagship’s ecosystem of biotechnology platforms (bio-platforms) ....."
This partnership indicates that Pfizer, like other Big Pharma companies are facing a looming patent cliff and ar seeking ways to fill their product pipelines to off-set the loss of revenue from their former blockbuster products. As described earlier, M&A valuations for late-state clinical stage companies developing biologicals are at premium pricing, and have become very competitive assets to acquire, particularly in immuno-ocology products in the treatment of multiple cancers.
https://www.biospace.com/article/pfizer-inks-potential-7b-deal-with-flagship-to-deepen-pipeline/
[ONCY's late-stage phase 3 bio-platform in pelareorep addresses multiple unmet medical needs in the sought after oncology market space and is fairly valued for an M&A deal at between US$10 Billion to US$15 Billion.]
Comment by
fox7mf on Jul 18, 2023 12:19pm
This is exactly the type of BD deal I hope Oncy avoids like the plague. Upfront monies followed by catalysts, milestones and unending shareholder frustration. They will most likely get something similar, unfortunately.
Comment by
Noteable on Jul 18, 2023 12:37pm
Should read: " ..that has the kind of potential high-value assets that Big Pharma companies are seeking ..."
Comment by
Lesalpes29 on Jul 18, 2023 12:55pm
Humm.. not sure that Parsons, Rigby and the rest of the board want that kind of deal. We will see.
Comment by
fasttrack5 on Jul 18, 2023 1:48pm
would that kind of buyout be worth over $100 per ONC share? :)
Comment by
JohnnyYeg on Jul 18, 2023 4:27pm
I have a spreadsheet with the values:
Comment by
fox7mf on Jul 18, 2023 4:39pm
I'm no longer that preoccupied with the "how much" as I know it should be a buyout & for two ph3 indications and possibly/probably a 3rd (CRC) the winning bid will have to be huge. I'm much more fixated with the "when". I don't want to even think about this stock by years end. Good luck peeps.
Comment by
13X2413 on Jul 18, 2023 6:18pm
There's nothing wrong with hoping for miracles. I'm still waiting for a lottery win too.
Comment by
Angler101 on Jul 18, 2023 11:28pm
Wow, 13X2413!....Lol!......it's hard to believe that someone with such an obviously impressive intellect as yourself would fall for what my old man used to call the "stupidity tax" of lottery tickets!....but good luck with that!
Comment by
Lesalpes29 on Jul 19, 2023 8:10am
Speculative play... really not at a lottery ticket level! Try to find something else!