Further, the worldwide population with the condition is estimated to be 22,000 (6,000 in the US). At todays close RETA M/C was $1.14b, (which rose to almost $3.5b at the height of after hours trading). Together with the 370k price tag these are similarities with Neuren. (I realise we only get royalties, but we don't have all the expenses associated with ownership of the drug).
Also of interest is this comment from an RBC Capital Markets analyst (which supports the Steve Davis view that the FDA's Billy Dunn resignation will not impact our decision).
"Overall, we believe loss of a more permissive, industry-friendly voice is a long-term negative, though near-term there should be some degree of continuity which limits the effects".
Ann: Rett Syndrome NDA accepted for Priority Review by FDA, page-155
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