CSL 1.58% $305.67 csl limited

I am also puzzled as to how they came up with that PT. If we...

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    I am also puzzled as to how they came up with that PT. If we look at the value they assign (taking into account the probability of all main upcoming drugs)we get $38.2. This implies that if there were no upcoming new products, they would value the shares at around $273.8. Seems a bit high. If all the drugs in their report were guaranteed to be successful, their SP target would be 273.8 + 187.2 = $461. I guess their numbers are in the ballpark. I do agree that CSL112 has around a 40 to 50% chance of being successful, not 10%. I saw an article somewhere that said around thats the figure for approvals for cardiovascular drugs.
 
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