NEU 2.50% $15.59 neuren pharmaceuticals limited

Updated MST report - target of $3.68 a share, page-3

  1. 5,937 Posts.
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    MST estimates assume that positive results in trofinetide’s Phase 3 trials and NNZ-2591’s Phase 2 trial will trigger milestone payments over CY21-CY23 of ~A$146m, almost equal to its current market cap.

    Honestly, I can’t follow this analyst.

    Firstly, my understanding was that there will be 3 Phase 2 trials of NNZ-2591 run simultaneously, so why use of the singular “trial”?

    Secondly, why would the analyst consider that success in Phase 2 with NNZ-2591 will trigger milestone payments when Neuren hasn’t signed any deal for NNZ-2591?
 
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