The over 30 antibiotic-resistant combinations ( xyz + PBT2) are valued at 1.3 M at the same time as "The Fund" invested 20M to a single company (Adaptive Phage) to get perhaps only 10% of the company.
This is my way of calculation. Everybody should do their own. Perhaps the fund has overestimated the value of Adaptive Phage.
Ann: Appendix 4C and Quarterly Cash Flow Report, page-10
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