Where did you get the '1 in 10,000 chance of FDA approval' stat? From a source that I've read (DiMasi 'Risks in New Drug Development: Approval Success Rates for Investigational drugs' - just google it and you will see it) it seems that when a company begins phase II trials, they have about a 30% chance of gaining FDA approval; and this increases to 80% at the beginning of phase III trials. PRR is into phase II are they not?
fair value is not possible to say now..., page-20
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Last
29.5¢ |
Change
0.005(1.72%) |
Mkt cap ! $428.5M | |||
| Open | High | Low | Value | Volume |
| 28.5¢ | 30.5¢ | 28.5¢ | $469.8K | 1.579M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 297652 | 29.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 7500 | 2 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| IMM (ASX) Chart |