I ran with IBX as it rose from these prices to 200m mc, 10X on the concept of its med tech going through phase 1 trials, because its prize some years ahead was into potential unicorns as well.
Yet this has the potential to achieve cash flows much sooner. (if/ when whatever regulatory pathways are cleared) and adoption rates are sufficient.
A market that puts forward value on the scales of justice, and weighs obstacles ahead of it, a betting market would gravitate to any chance of mega cash flows where the prize was in sight.
Compare the multiple - The risk off prize / risk on entry stakes. (The potential bags here). Vs the odds of fulfilling all regulatory approval.
I ran with IBX as it rose from these prices to 200m mc, 10X on...
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