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DewDiligence

07/24/13 6:52 PM

#164426 RE: dav1234 #164424

ENTA—does look cheap.

No need for waffling here—ENTA is cheap! As previously noted, if ABT-450 merely gets approved but never sells even a dollar’s worth of product, ENTA will earn contractual milestone payments from ABBV that are worth roughly the same as ENTA's current enterprise value.

Moreover, antiviral drugs don’t fail phase-3 trials due to inadequate efficacy, so the only reason ABT-450 might not get approved is if a serious safety problem surfaces that hasn’t been seen before. Possible but not likely, IMO.