BIT 2.22% 4.6¢ biotron limited

$200 billion deal, page-20

  1. 7,848 Posts.
    lightbulb Created with Sketch. 947
    To find a fair price we could also look at recent Pharma Deals

    Merck & Co bought out Prometheus for $10.8 billion USD ($17.18 Billion AUD)
    picking up a promising experimental treatment for ulcerative colitis and Crohn's disease and building up its presence in immunology.

    https://www.reuters.com/markets/dea...cquire-prometheus-biosciences-wsj-2023-04-16/

    Ulcerative colitis and Crohn's disease have a combined market of $17.5 Billion a Year.

    BIT in comparison can treat much higher Billion a year markets,
    So should be valued much higher....IMO....

    (Something in the $100 Billion to $200 Billion range seems reasonable.)

    Another recent Pharma Purchase was:
    In March Pfizer struck a $43 billion USD ($67.65 Billion AUD) deal
    to acquire Seagen Inc (SGEN.O) and its targeted cancer therapies.

    Anyhow here's a list of Big Pharma Co's by Market Cap:
    https://companiesmarketcap.com/pharmaceuticals/largest-pharmaceutical-companies-by-market-cap/

    (note: their market Caps are in USD)
    Last edited by $$$$$$$$: 26/10/23
 
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