Here's a summary of the important points from the interview:
Share Price: Wayne believes the share price hasn't caught up with the positive feelings and expectations surrounding the company's science and development
Cash Position: Following a recent raise, Anteris has around $85 million USD in cash, and they are currently meeting their spending guidance, burning approximately $20 million per quarter
Future Deals: Wayne doesn't contemplate co-development or acquisition deals at the moment He would only consider a co-development deal if there was a significant benefit and wouldn't give up royalties.
Valuation: Wayne values the company using a net present value (NPV) model, which he considers conservative and lands at a valuation significantly different from the current market cap He bases this on a $10 billion total addressable market (TAM) and the company’s superior position compared to the market leader
AVR Price at posting:
$6.71 Sentiment: Buy Disclosure: Held
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(20min delay)