NEU 5.50% $16.15 neuren pharmaceuticals limited

I'm making a high level assumption all of the royalty drops to...

  1. 254 Posts.
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    I'm making a high level assumption all of the royalty drops to the bottom line and it trading on a 25x multiple feels about right to me for a biotech. Assuming all royalty paid out as dividends, it would be a 4% dividend yield.

    10x feels like valuing a biotech like a bank.
 
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