I had to listen to that part a couple of times myself Danagram, and his comments about a minute or so after. Sounded to me like he was saying just DurAVR itself is a 5 billion a year product (if capturing 50% market share). From there he seemed to be attaching a multiple of between 2 and 5 of those sales. I took it to mean that on an upper level (and over about the 5 year timeframe where TAM is expected to get to 10 billion) WP was suggesting a valuation of up to 25 billion for the company.
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(20min delay)