You're right, $1=$6.5b MC. Let's aim for that.
Ok, starting Ph1 is a significant milestone. How much should it be worth? 2 years ago probably 500m, these days, hard to put a number on it.
I think 1c, $65m would be ok to start with. Then all depends on safety and early signals.
Good to see some action, took ages compared to comps such as CHM or IMU.
GLTA
Ann: Major Milestone towards Clinical Trials, page-7
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