NEU 2.31% $19.02 neuren pharmaceuticals limited

So, really rough calculations. Cash: 228m (as of last 4c)Daybue...

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    So, really rough calculations.

    Cash: 228m (as of last 4c)
    Daybue Royalties: 65m (Mid-point) - 35x fwd PE - 2,227m)
    PRV 1/3 -33m USD, 50m AUD
    Daybue Milestones:
    >250m 50M USD (75m aud) - Guidance $370 - 420m - easily hit

    Only the above things (that are known) can give a conservative 2.5b market cap. What isn't included (I have probably missed some, too)

    • Milestone for >500m (50m USD)
    • Milestone for >750m (100m USD)
    • Milestone for >1b (150m USD)
    • MIlestone related to Fragile X development, if it goes ahead (55m USD)
    • Value for the NNZ-2556 successful P2 in PMS
    • Any other NNZ-2256 trial
    • Row Milestone (100m usd upfront, 35m usd for first sale in europe, 15m usd for japan, 10m for a second indication in europe, 4m for a second indication in japan)
    • Royalites for Daybue (Row) - Mid teens to low 20% of net sales
    • Sales milestones based on Daybue Row Sales
    • Future indications for NNZ-2256

 
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