explain the market cap, page-3

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whytee

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10/06/20

12:01

Post #: 45133548
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Originally posted by spacejunk ↑

OK first off - I am relatively new to Opthea although I have watched them for many years. I was hoping one of the old hands could explain the reasons for the high market cap to me. My understanding - and I could be completely wrong here - is that OPT-302 has now been in two phase II trials in combination with other agents. In both trials the addition of OPT-302 did not markedly (and in the case of the recent trial not significantly) improve the outcome for patients. Why would consumers pay for an additional agent with a marginal if any benefit, and more importantly why would a third party pharmaceutical company pay good money for such an asset. I can't see too much in the pipeline behind OPT-302 so I'm wondering if the emperor has new clothes so to speak. In other words what is the basis for the very significant market capitalization. I honestly can't see why we should fund a phase III in any of these indications and any secondary endpoint yet to be disclosed are unlikely to change the value proposition.

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I think you may have misunderstood the results. It does improve outcomes especially in some groups of patients. Just not in all patients. But then neither do the existing drugs.

OPT Price at posting: $3.11 Sentiment: Buy Disclosure: Held
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explain the market cap, page-3

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explain the market cap, page-3

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