Biotech Values

[WorstLuck]

I don't know that 60% annualized is out of line, it's worth using.

possibly by as much as (negative) $0.30-0.40

Another .15-.20 is adequate to look reasonable at that discount rate, i.e. .50-.55 cents implied cost of the CVR package.

But yeah, another .30-.40 cents would clearly show enthusiasm for the package, i.e. around .70 cents, a lower discount and more confidence.

Whether that speculation is what is holding the price down is another matter.