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Friday, August 12, 2016 9:11:39 AM
but using your numbers, those 20Mln of Revenue would be royalties = earnings for IPCI (without counting millions in cash from upfront payments and milestones)
With 28mln shares and a 20 P/E multiple you get a 14$ price per share.
So conservative means > 10$ per share, which is more than 5x current prices.
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