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4.5¢ imagion biosystems limited

Ann: Company Update - Phase 1 Study Independent Review, page-164

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Looking4ideas

229 Posts.

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17/02/23

08:22

Post #: 66301035
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Originally posted by manny100: ↑

IBX says the total addressable market (TAM) for HER2 Breast cancer is $A500m.
They say each test is billable at $US1500 with an 80% profit margin.
$US1500 converted at say 70 cents/$ is say circa $A2150.
$A500M TAM divided by $2150/test = say maximum circa 230k tests pa. Ballpark
At 80% profit margin $2150x 80% = $A1720.
Estimates summary:
Max tests circa 230k as per IBX.
Profit margin (pm) circa $A1720 as per IBX
100% OR 230K Tests = circa $A395 mill pm.
Obviously IBX could get a % of that if its market accepted.
30% of tests = 69k tests at $A1720/test = $A119 mill pm per year.
Substitute in your own numbers according to your views.
Looks like pretty good $$ are being chased.
Growth for the business will come from nano particles developed for the other specified cancer types.

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Ibx say a lot of things manny100 that rarely eventuate

tread careful relying on management’s word

IBX Price at posting: 2.6¢ Sentiment: Hold Disclosure: Held
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