I agree. You are correct when you analyse what we have.
I don't think there is any chance of a really big number in a takeover, that scenario is in a perfect world with a perfect buyer and everything going to plan but I do hold some optimism the potential of 2591 will mean whoever puts a bid in will pay a bit more than expected. So, on balance, it would equal a Reata number, maybe slightly lower, maybe, slightly higher.
If a Reata number is 85AUD, who would not take between $60 and $100 before a phase 3 trial placebo-controlled trial? I expect a lower-end number to test Neuren's self-belief before the real negotiating starts.
The risk-reward for Neuren leads me to believe this zone of offer would be acceptable to them. If 2591 is that good, someone will offer a figure between these numbers after the FDA meeting and disclosure of the new indications.
I think this scenario would leave both seller and buyer content.
Gone by Xmas.
Just my thoughts.
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