"But even besides all of the above, a company which has consumed over a billion dollars of capital over the better part of a decade-and-a-half, and yet still remains underfunded without any signs of self sustaining commercialisation in sight?
That is objectively a fascinating story of corporate evolution, so it is unsurprising that it attracts some attention."
Really? Unfortunately MSB is rather average example of a biotech company development : 10-15 years from founding to product launch (average of 10.5 years from Phase 1 to regulatory approval. And the cost?"While costs will vary widely depending on many factors including type of drug and disease area, estimates for the average cost of creating a new drug range as high as $2.6 billion USD.
One paper published in JAMA in March 2020 puts the estimate much lower at $985 million USD, though that research relied on publicly available data which was mostly from smaller firms."
https://lifesciences.n-side.com/blog/what-is-the-average-time-to-bring-a-drug-to-market-in-2022
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Last
$1.18 |
Change
0.020(1.73%) |
Mkt cap ! $1.341B |
Open | High | Low | Value | Volume |
$1.20 | $1.21 | $1.17 | $16.67M | 14.04M |
Buyers (Bids)
No. | Vol. | Price($) |
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5 | 54704 | $1.18 |
Sellers (Offers)
Price($) | Vol. | No. |
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$1.18 | 10000 | 1 |
View Market Depth
No. | Vol. | Price($) |
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5 | 54704 | 1.175 |
16 | 356446 | 1.170 |
5 | 104564 | 1.165 |
60 | 284754 | 1.160 |
10 | 99946 | 1.155 |
Price($) | Vol. | No. |
---|---|---|
1.180 | 10000 | 1 |
1.190 | 17537 | 2 |
1.195 | 39915 | 3 |
1.200 | 50095 | 3 |
1.205 | 164344 | 2 |
Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
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Last
$1.19 |
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Change
0.020 ( 3.40 %) |
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Open | High | Low | Volume | ||
$1.21 | $1.21 | $1.17 | 2927691 | ||
Last updated 15.59pm 07/05/2024 ? |
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