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Pharmaxis has $25m cash, $10m PPE, and another $10m milestone...

  1. krispi
    43 Posts.
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    31/01/20
    18:17
    Post #: 42680815
    Pharmaxis has $25m cash, $10m PPE, and another $10m milestone payment looking likely by june.
    Liabilities are really only $9m lease, $3m accounts payable and $2m other (excluded the $23m to novaquest because that is dependent on future revenues)

    That gives me a rough book value of $45m - $14m = $31m

    Currently pharmaxis is trading at $45m.

    Question is, would you buy their entire portfolio of drugs for $14m?

    I would. Boerhinger Ingelheim definitely would.

    That's why I bought in today!
    PXS Price at posting: 11.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 1  Great analysis
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