To find a fair price we could also look at recent Pharma Deals
Merck & Co bought out Prometheus for $10.8 billion USD ($17.18 Billion AUD)
picking up a promising experimental treatment for ulcerative colitis and Crohn's disease and building up its presence in immunology.
https://www.reuters.com/markets/dea...cquire-prometheus-biosciences-wsj-2023-04-16/
Ulcerative colitis and Crohn's disease have a combined market of $17.5 Billion a Year.
BIT in comparison can treat much higher Billion a year markets,
So should be valued much higher....IMO....
(Something in the $100 Billion to $200 Billion range seems reasonable.)
Another recent Pharma Purchase was:
In March Pfizer struck a $43 billion USD ($67.65 Billion AUD) deal
to acquire Seagen Inc (SGEN.O) and its targeted cancer therapies.
Anyhow here's a list of Big Pharma Co's by Market Cap:
https://companiesmarketcap.com/pharmaceuticals/largest-pharmaceutical-companies-by-market-cap/
(note: their market Caps are in USD)
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3.1¢ |
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Mkt cap ! $27.97M |
Open | High | Low | Value | Volume |
3.2¢ | 3.2¢ | 3.1¢ | $32.29K | 1.025M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 6463 | 3.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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3.2¢ | 47000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6463 | 0.031 |
5 | 856074 | 0.030 |
4 | 1132888 | 0.029 |
2 | 118000 | 0.028 |
2 | 137000 | 0.027 |
Price($) | Vol. | No. |
---|---|---|
0.032 | 47000 | 2 |
0.033 | 100000 | 1 |
0.034 | 100000 | 1 |
0.035 | 299251 | 4 |
0.037 | 537816 | 2 |
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