What you posit is a supply-constrained market where the supply constraint is the budget rather than the system throughput (as in my ENTA valuation model). I would classify your scenario under premise b in #msg-99174021 insofar as it’s fundamentally distinct from any model in which HCV sales are constrained by demand.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”