In the attached report average Valuation for Phase 3 biotech companies on the asx is $405 mill and Phase 2 are valued at $80 mill ,go to page 34 to see the table .We have 3 Phase 2 possibilities .Possible Valuation $645 mill and we are currently valued on the asx at $150 mill .The current valuation is certainly out of whack .
https://www2.asx.com.au/content/dam/asx/documents/listings/AusBiotech-Guide-to-Life-Sciences-Investing-web-version.pdf
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