RE: Volatility29 Mar 2023 17:30
It's too long to post here.
It's based off China, US and low end targets for routine testing and the royalties form both. I emphasize the LOW END. From smokers.
It's not based off mcap = annual revs as some seem to have done before. Big pharma simply doesn't do that in valuations so why should we. M&A activity is based off long term sustainable income generation and lead generation for other treatments off a diagnosis - have a think who is doing this currently...
Mixed in you could also add assumptions for markets we are not yet targeting. EU, UK.
I'm not factoring in assumptions for breast cancer or distantly in the future monoclonal antibody if this should ever go that way.
I've sent rather long posts to others privately on this.
I have my targets. I appreciate it's well north of most. Everyone should have their own targets and take when they hit it...