Replies to post #142017 on Biotech Values

[iwfal]

EXAS -

I think independence of the individual tests is a reasonable first-order approximation.

FWIW I disagree (partly - I assume that individual tests are "1/2" independant or so) but think that growth of lesions over time will counteract that issue when the tests are 3 years apart. But I have to think through the ramifications of that assumption.