What is very interesting about that article was that someone pointed out that the probability number in the projection was only 9%. Was that a typo? I read further "The probability of approval number should be 88.4% and if used in the model with ONLY KL-4 patients yields a risk adjusted value of $6.524 billion." So if ONLY KL-4 patients $6.5 Billion valuation. How conservative is that assumption?? So what I think is being said is that 9% should be replaced by an 88.4% and you get the real number.
This stock is so cheap its almost criminal what these shorts are doing.
This is really interesting, thanks for posting the DD.
Avoided a knee replacement with PT myself. Didn't have much choice because of metal issues but I know first hand that the pressure to have the replacement is big in the medical community. It's the old "When all you have is a hammer everything looks like a nail" syndrome.