RE: Importance of Oncology to Market Share in BP20 Nov 2023 10:43
"Last year [2017], companies outside the top 10 grabbed just 21.5% of the market. That number is set to nearly double by 2024—swelling to 39.7%—thanks to big recent approvals for companies including Gilead Sciences, Eli Lilly, Tesaro, Clovis and more."
Wiki - https://en.wikipedia.org/wiki/Tesaro - says: "Tesaro was founded in 2010.[1] The company's first commercial product, Varubi, was approved by the FDA in October 2015.[2] As of 2016, the company had 286 full-time employees, 59 of whom had a PhD or MD.[3] The company's product Niraparib was granted priority review and was given a target action date of June 2017 by the FDA.[4] In March 2017, Tesaro won approval for its drug Zejula to treat ovarian cancer.[5] On May 31, 2017, it was reported that Tesaro Inc. was exploring a sale.[5] On December 3, 2018, GSK announced it would acquire the company for $5.1 billion,[6] and the deal was completed on January 22, 2019.[7]"
On that scale, Avacta shares would be 1444p but Avacta is in a far stronger position to license and fund future growth.