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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Last
1.7¢ |
Change
-0.011(39.3%) |
Mkt cap ! $15.33M |
Open | High | Low | Value | Volume |
2.2¢ | 2.5¢ | 1.7¢ | $374.7K | 18.97M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
19 | 1266038 | 1.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.8¢ | 689330 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
16 | 1114863 | 0.017 |
13 | 1640362 | 0.016 |
11 | 1033562 | 0.015 |
1 | 250000 | 0.014 |
4 | 1280000 | 0.013 |
Price($) | Vol. | No. |
---|---|---|
0.018 | 689330 | 2 |
0.019 | 354299 | 4 |
0.020 | 1628000 | 6 |
0.021 | 110000 | 2 |
0.022 | 388947 | 2 |
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