wombat you get a lot of likes and you have an obligation to not speak so blithely.
there is no way that the trials will be able to complete in 2 or 3 years. That is not possible. Even if it was possible, it takes at least 12 months from when the phase 3 trials finish until approvals may occur.
further optional buyouts in phase 1 and 2 are again not correct. Most buyouts occur at commencement of Phase 3 trials, or at least when the design of phase 3 is formalised.
Buyouts at phase 1 are very rare.
a lot of investors on RAC will believe that commercialisation and revenues is 2 or 3 years away and that is not true.
look at PAR, MSB etc. It will be around 12-15 years from the first patient was dosed before meaningful revenue.
IMO RAC is at least 5 years from proper revenues. It may re-rate in advance but a MC of $230mil is quite high for a company so early.
look at PAR. It’s MC is $500mil and it’s about to go into a global P3 trial in Europe and US for OA - an industry worth circa $15bn in estimated revenue for PAR. It is still 4 years away from finishing its P3 trial. that’s a good indication of where RAC could be when it starts it’s P3 trials. It shows at the moment, it is overvalued.
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$1.55 |
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Mkt cap ! $264.0M |
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$1.59 | $1.62 | $1.51 | $218.3K | 138.7K |
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1 | 95 | $1.53 |
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Price($) | Vol. | No. |
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1 | 353 | 1.470 |
2 | 3444 | 1.440 |
3 | 101000 | 1.420 |
4 | 14785 | 1.400 |
Price($) | Vol. | No. |
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1.550 | 157 | 1 |
1.580 | 6715 | 2 |
1.600 | 2319 | 1 |
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