Increase in generic competition for Temozolamide has meant the addressable generic market is now only $200m approx. Volume of scripts has probably remained steady but heavy discounting results in the decline in $value. Use of Temozolamide for extended indications is possible in the future also as there are a significant number of clinical trials combining it with other treatments for indications other than brain cancers.
Even a modest slice of the market will provide a significant double digit percentage growth in revenue. The current market cap of $37m belies where IDT will be next financial year.
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