Replies to post #534 on Galectin Therapeutics Inc. (GALT)

[Darwinian]

I hear ya. Sadly, I'm late to this game (GALT was my first stock purchase a few months ago) and I've only acquired 400 shares at an average of about $12. I'm hoping in the next couple of weeks to pick up at least half that much again. I've shaken the piggy bank though and there isn't much left. I need to find a piggy bank that I hid and forgot about. If this goes where it seems like it could, I'll be sorry I didn't shake it harder...

[biotech2010]

Exactly correct.

ICPT market cap $7.5B
GALT market cap $296M

GALT potentially has a best in class drug, at which time the market cap should be at least that of ICPT

Current share price $16
Best in Class multiplier: 25X (7.5/.296)
Best in Class Price Estimate: $400

At these prices, even a 10% probability of achieving Best in Class status means a $40 price and the probability is much higher than that.