"Significant upside from NSAID pain program - Imugene currently have Phase I clinical data for naproxen (branded in Australia as Naprosyn) and ibuprofen (branded in Australia as Nurofen) and are initiating formulation development for diclofenac (branded in Australian as Voltaren). If successful, even a small share of the NSAID market (<0.5%) would represent an opportunity of $50M-$100M in annual sales (assume single digit royalties to Imugene)."
$50-100M?? that's 20-50 baggers potential!
10c target in 12 month , page-4
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