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The statement about Pfizer in the Nox press release is a little...

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vrs37

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12/02/21

11:47

Post #: 50928357
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Originally posted by zecs: ↑

I assume Gold is referring to this statement in the last announcement:

The Company notes that one of those therapies, enzalutamide, was the subject of a US$14 billion
acquisition by Pfizer in 2016, approved for marketing in 2012 on the basis of a 5-month increase in mOS
from 13.6 to 18.4 months. Again, it is worth noting that the LuPIN outcome of 19.7 months has been
achieved in men whose cancer has already progressed on enzalutamide.

It's a little bit incorrect to conflate the valuation of enzalutamide and the basis of it's marketing approval. But, it is something to consider.

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The statement about Pfizer in the Nox press release is a little misleading. Pfizer bought the company Medivation for $14bn which yes gave it enzalutamide but Medivation also had a range of other oncology drugs in its portfolio like PARP inhibitor and a checkpoint inhibitor. IE the deal was about the whole asset pipeline not just enzalutamide. Not surprising as Pfizer is well behind and trying to play catch up in oncology
take your point about incorrect conflation

NOX Price at posting: 89.5¢ Sentiment: None Disclosure: Not Held
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