RAC 3.31% $1.61 race oncology ltd

That seems far too conservative.a better approach is to...

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    That seems far too conservative.

    a better approach is to determine the demand of a product and what clinical data has determined and determine if the product is good.

    your approach would leave a lot of people buying a company overvalued. By the time a product is announced approved commercialisation you've lost all the upside.

    look at beam therapeutics. Only a P1 asset, but already valued at 2.1b US. Obviously, a different market being Nasdaq, but application is similar.
 
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