Sunday, March 10, 2019 1:29:51 PM
We have high probability of Rolontis approval. I'd say 80%, just because I have a bit less confidence in SPPI's management after the BTD. The revenue numbers for Rolontis are all over the place. I see a range from $50 to $250M for 2020. No idea what peak sale might be. If we take the average at 150 x 6 = 900M x .8 =720M corrected for time I think 500M is fair.
Pozi has many hurdles and uncertainties between now and first approval, so I think it should add about $300M to the market cap until we see the first cohort read-out. We don't know if SPPI can file for BLA based on cohort 1 data even though that is what they are saying. If that read-out is strong and they file, I would double the number to $600M.
Selling the existing product line reduces MC IMO. I give no value to the cash. SPPI will burn through that.
So, I think SPPI should be valued at about $800M right now subject to big adjustment in 4th quarter when PDUFA decision is made and we get cohort 1 data.
Recent SPPI News
- Form 15-12G - Securities registration termination [Section 12(g)] • Edgar (US Regulatory) • 11/09/2023 10:00:17 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 09/28/2023 04:15:27 AM
- Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments • Edgar (US Regulatory) • 09/26/2023 09:23:08 PM
ELEMENT79 ANNOUNCES UPLISTING TO OTCQB VENTURE MARKET • ELMGF • Aug 26, 2024 10:03 AM
North Bay Resources Announces Gold Assays up to 2.2 Ounces per Ton, Fran Gold Project, British Columbia • NBRI • Aug 26, 2024 10:00 AM
PickleJar Unveils Latest Venue Managed Services Innovations in Upcoming Webinar • PKLE • Aug 23, 2024 1:11 PM
Element79 Gold Corp Provides Update on Nevada Portfolio • ELMGF • Aug 23, 2024 8:00 AM
Maybacks Adds Award Winning Show to Its Lineup Discusses Maybacks Opportunity • AHRO • Aug 22, 2024 11:30 AM
North Bay Resources Announces First Gold Concentrate at Mt. Vernon Gold Mine, Assays 12 oz/ton Gold, 17.5 oz/ton Platinum, and 8 oz./ton Silver, Sierra County, California • NBRI • Aug 22, 2024 10:28 AM