It certainly does, see link below;
as per point 5: x 4, he is suggesting $2b MC to $2.5b MC with (only $200m used for Nz-2591 as its not de risked yet)
https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&ved=2ahUKEwjCxPzO-KD2AhV0wzgGHbCoD30QFnoECAYQAQ&url=https%3A%2F%2Fwww.livewiremarkets.com%2Fwires%2Fa-de-risked-biotech-with-4x-upside&usg=AOvVaw3oF98eEoQpvK_gq3gonM1n
A De-risked bio-tech with 4X upside - Karst Peak Capital, page-2
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