Titan Pharmaceuticals Inc (TTNP)

[Doctor Detroit]

T3-EU

From Zacks:

“In the EU, we see the market as being about twice the size of the US market and assume that the addressable population remains steady at 16%. Penetration into the EU addressable market is expected to begin at 0.3% and rise to 2.2% over the next several years.”

Thoughts—

According to Zacks, pricing outside the US will be $4,000 a year after discounts.

Market is twice the US size= 4.48 million

-0.3% of 4.48 million = 13,440 x $4,000 = $53.7 million in year one.

-At maturity, 2.2% of 4.48 million = 98,560 x $4000 = $394 milloin

-If I’m reading it right, they are saying Pro Neura for T3 is a billion dollar drug.