NorthWest Biotherapeutics Inc (NWBO)

[rogers5729]

Thanks, anders. I'm not about to drop $5,500 just to read the report, so I can't speak to its validity. But there's a big question mark in my mind as to what that "market" number encompasses. Does that include surgery, radiation, and Optune or other treatments? Where does the threshold for inclusion/exclusion for GBM-specific treatment begin or end? That level of murkiness makes it a lot more difficult to use it as a basis for estimating potential revenue and by extension (for your purposes) market cap.

I'd sooner advocate using a "bottom-up" approach -- how many people could be using this product and at what cost? To me, that sounds like a much more transparent way of estimating revenue than a "market" number whose calculation methods and composition are opaque. At this juncture, I'm afraid we'll have to agree to disagree, but best of luck to you.