Real next level DD you have there! Wow! You need to share your knowledge and educate the uninformed investors at Moderna since the SP there went from $18 prepandemic to +$200
Simple answer! Simple math! Pfizer already has established earnings world-wide. They are a Big Pharm Dinosaur! It will take a lot of energy to move their needle.
Relief Therapeutics is a small pharm selling at 25 cents. It won't take much to move their needle to the right with EUA and subsequently pulling in 50% of all USA and Canadian profits, and 80% in the ROW. Easy math!
Study the Intro. Lots of great DD there! I think 10X (rather than 100x) is more realistic, considering the O/S. If they R/S to move to the NASDAQ, then we see the PPS go much higher yet.