Actually that 16-19c area is very strong and it is very possible after this excitement and in the absence of positive news that it will will retrace to this level. Trial results are really the only genuine factors in positive SP rerating. We have got the imminent nasdaq listing and PH2 update mid year then there is a while before more trial results so it isn't a given that it's goodbye to the teens, that cry has been heard before and proven wrong too. History usually repeats.
analyst valuations, page-43
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