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Thursday, May 23, 2024 2:06:09 AM
Tiny is relative. To Pfizer, $60m market is tiny. Their market cap is $260b
Elites Market cap is around $150m
That 1/3 roughly of their market cap. Can they get 6 million out of it and $2m in earnings? At a 10 PE, that is worth 15% of their market cap.
If Pfizer had a drug approval worth $52b and they have a 20 PE..or take away a decimal and it's still wouldn't be considered or called tiny.
Anyway that's not the point. Imagine having an idea about a good product. And you test it at home. Then you test it in a manufacturing facility and make sure it's safe. And it's worth hundreds of millions of dollars or billions which is the main focus now
They just proved they can do that.
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