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
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Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
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