"anyone care to explain if there is anyone other cartilage enhancing medicine out there ?"
Not going to be a popular question during this positive news. Do your research and the main competition comes from stem cells, autologous treatments are already available and induced pluripotent (off-the-shelf), leading the approaches in which both ironically originate from two Australian companies. Autologous are in market but practically no one knows of them and off the shelf still at stage 3 trial stage not that different to PAR in agenda. Competition not really a risk at this very early point.
Its a massive market anyway that will accommodate $billions in all three approaches without even touching 5% of sufferers:
"The pooled global prevalence of knee OA was 16â‹…0% (95% CI, 14â‹…3%-17â‹…8%) in individuals aged 15 and over and was 22â‹…9% (95% CI, 19â‹…8%-26â‹…1%) in individuals aged 40 and over."
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7704420/
Its a ways to go, but the size of PAR's total addressable market is shudderingly huge.....this stock has been stupidly oversold in the great 'capital cost' sell off of non-FCF companies despite its massive potential forward earnings - even with a healthy risk probability applied.
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