Hi TV,
Thanks for the reply. Based on the info you provided, below is my back of the envelope estimation.
Dsiclosure: I dont have a bio/med background so I might have grossly over/under estimated the potential of upcoming milestones. Please feel free to correct me and adjust the projections.
Timeline
Expected Events
Share Price Projection
1 Dec 2021
1.IHL 42X – Complete Phase 2 Trials – Submit FDA Pre-IND
2.IHL – 216A - Complete Phase 2 Trials – Submit FDA Pre-IND
3.IHL 675A – Complete Phase 1 Trials (IBD, ILD, RA)
4.PSI – GAD (Commence Phase 2A trials)
75 – 99 Cents
2 March 2022
1.IHL 675A - Submit FDA Pre-IND
$0.8 to $1.2
3 September 2022
1.IND submission for IHL 42X
2.IND submission for IHL 216A
3.Submission of FDA Pre-IND for Phase 2 trials of IHL 675 A )(IBD, ILD)
4.IND Submission for PSI – General Anxiety Disorder
$1 - $1.5
4 June 2023
1.IND submission for IHL 675 (RA)
$1.2 - $1.75