MST melanoma and ccRCC targets were just assumptions from their historical reports a few years back.
They valued at ~$5 from memory so they have actually devalued as a result of CPACS, KPACS and DACS.
they are assuming a DCF for a licensing deal even though a buyout is perhaps more likely. my guess is a DXB style licensing rollout.
I could be wrong but I think there is nothing to see here as it’s just based on the old programs not all comers CPACS. It’s just to peak new investor interests whilst we wait on trials and news.
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