"Valuation: Potentially a multiple of the current price Alchemia believes HA-Irinotecan could generate between US$465m and US$1.5bn in annual sales (depending on the degree of PFS improvement). With mid-teen royalties, sizeable milestones and potential launch dates of H215 in the US and H116 in Europe, the upside of a successful trial outcome is significant. However, an equivocal or negative result would similarly lower the valuation materially."
ACL Price at posting:
62.0¢ Sentiment: None Disclosure: Held