Just for the newbies maybe buying today on the announcement.
why i like PYC and why u should buy it.
Roche - Announced Jan 2009, upfront payment ~$1.0 Million, Milestone payment $XX,000,000 circa July 2011 + royalties on any successful drugs developed as a result.
MedImmune - Announced Aug 2010, upfront payment ~$1.5 Million, Milestone payment $98,000,000 circa Aug 2011 + royalties on any successful drugs developed as a result.
Pfizer - announced today, upfront payment ~$0.5 Million, Milestone payment $134,000,000 + royalties on any successful drugs developed as a result.
Essentially if PYC can successfully get a Milestone payment out of one of these 3 companies it will put a rocket under the share price.
Doing the maths (correct me if I'm wrong), if, in the next 12 months MedImmune makes the payment of $98,000,000 to PYC, based purely on cash value, PYC would be valued at 35 cents (98m / 283m shares) or approximately 6x its value. However at those levels if would be a potential takeover target with a Value of $200 - $400 m or 12x ($0.70) � 23x ($1.40) its current share price.
PYC Price at posting:
8.3¢ Sentiment: Buy Disclosure: Held
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