IDM Pharma, Inc. (IDMI)

[bowonwing]

$3.53 projected IDM share price per RnR!?!

"Rodman & Renshaw analyst Reni Benjamin said a partnership is likely upon approval and named privately held Sigma-Tau S.p.A. as a potential suitor.

"Very rarely do we see these regulatory agencies go against the opinion of the panel, so I would expect approval," analyst Benjamin said.

Benjamin, who upgraded the stock to "market perform" from "market underperform," said about $10 million to $20 million in worldwide revenue is a reasonable expectation, but CEO Walbert declined to comment on the revenue expectations."

So RnR says $20M rev tops. $20M x 5 (revs)= $100M market cap.

$100M div by 28.35 shrs outstanding= $3.53 projected IDM share price per RnR!?!

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