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Wednesday, April 15, 2020 1:04:03 PM
However, here is what I do know.
Chris Moreau, CEO @ Algernon Pharmaceuticals. The guy who is steering the ship and dotting all the I's and crossing all the T's
Told us in prior webinars from Proactive and BioPub, that a "pure comparator" company would be BELLUS Health.
Bellus Health is a one trick pony with a leading compound for Chronic Cough.
Let me repeat that.
BELLUS Health is a one trick pony with a leading compound for Chronic Cough.
Bellus Health is currently in Phase 2 clinical trial with their Cronic Cough drug.
Algernon has reported in black and white:
Algernon Pharmaceuticals’ NP-120 (Ifenprodil) Outperforms Merck’s Phase 3 Drug MK-7264 (Gefapixant) in an Acute Cough Study by 110%
BELLUS Health has reported their Chronic Cough drug outperformed Merck by 60%
So what's better 110% or 60%.
BELLUS Health recently reported:
The Company decided to close the trial early due to the impact of the COVID-19 pandemic on the RELIEF clinical trial activities. The Company continues to expect topline data from the trial mid-year 2020.
The stock is taking a hit today for whatever whatever (could be profit taking). I'm not an investor so I don't follow the money to much.
Anyway, BELLUS Health has a market cap hovering around 500M to 600M USD.
Their a Canadian company with a good story behind it, but nothing as compelling as Algernon's story.
So that get's us to some numbers.
It's my belief the Chronic Cough angle alone is worth a Billion dollars.
There's nobody in the market with an approved Chronic Cough drug - NOBODY YET.
So what might NP-120 do for a Big Pharma company?
A treatment for Chronic Cough, Idiopathic Pulmonary Fibrosis, Acute Lung Injury, and COVID-19.
Now I don't profess to know shit from shinola, but from what I gather a Billion Dollar valuation might be a start, but could be a lowball number that piss off the bosses at Algernon.
So whatever the number is I'd imagine big pharma will come with a big number upfront.
But here's the unknowable IMO.
In a COVID-19 World, with the right data read out, Algernon could skyrocket on the news alone.
I mean we could litteraly be in clinical trial for a couple few weeks and the world will have to STOP THE PRESSES!
!!!EXTRA EXTRA - READ ALL ABOUT IT!!!
ALGERNON PHARMACEUTICALS NP-120 DEFEATS COVID-19
How do you even begin to put a value on a headline like that?
Billions is what I figure!!!
Ronald McDonald Opines:
i'm luvin it
Just 1 opinion,
/////AMG
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