Of course, considering Neuren's situation / pipeline / results to date, the company will base a fair T/O price on a DCF valuation. Isn't that a no brainer?
Whether any other side would come to the party is another matter, especially if there is a huge discrepancy between DCF & SP - which would almost certainly be the case.
The Whens and Whys of Top Biotech M&A Deals, page-33
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