News Focus
News Focus
Replies to #5239 on Biotech Values
icon url

rkrw

11/30/04 11:30 PM

#5248 RE: DewDiligence #5239

Dew, ORPH developed xyrem at the request of the fda, yet it was still a controversial approval and is a highly controlled substance. You can speak to theoretical risk or realistic risk. I suppose you can't rule anything out, but still I think it's an unlikely scenario that someone comes in and develops GHB for a new indication to work around xyrems orphan status. We're talking about a $10M selling drug with optimistic upside of $100M or so (imo). I don't think the return would be there for a second entrant.