In one of the latest interviews, Nick Wolfe mentioned that PYC are discussing 'other projects and collaborations' with existing 3 partners (this was prior to the J&J deal). In other words there could be additional upfront payments, milestones and royalties down the track IN ADDITION to the current projects we have in place with partners. Now let's add J&J to the mix with 10 potential candidates (and let's add a few more projects to each of the 10 candidates) and you can clearly see just how much the market is underestimating the value of all collaborations.
Guidance is for a few more deals this half of the year too.
GLTA!
PYC Price at posting:
3.7¢ Sentiment: LT Buy Disclosure: Held
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