Replies to post #173383 on Innovation Pharmaceuticals Inc (IPIX)

[BonelessCat]

Not really. I was referring to the parabolic rise that shot the price in several steps from a buck and change to over $100 in a very short period.

[Waverunner1]

Actually, the $21B figure was only for half interest in the drug. Implied value was $42B.

Even after the past two years of deals, AbbVie's ($ABBV) decision to pay $21 billion for Pharmacyclics, bagging half interest in the blockbuster cancer drug Imbruvica, managed to get jaws to drop among even the most jaded biotech analysts.

http://www.fiercebiotech.com/biotech/surprised-stunned-and-supportive-analysts-assess-abbvie-s-21b-pharmacyclics-deal

PCYC sale was for 21 billion, not 11 billion. Does that change your numbers for CTIX?