Has anyone looked at the potential future sales for the 2 drugs - PTX 200 and 100? When you look at sales of cancer treatment drugs Opdivo and Keytruda, the number can be mind boggling. Opdivo has done about $3 billion avg annual sales since product launch in 2015 and it seems to be hitting about $6 billion in 2018. Keytruda did about $2 billion avg annual sales over last 3 yrs since launch and is moving toward $5 bn target in 2018. And, the sales momentum seems to be strong as they are gaining more awareness as alternative treatment method compared against conventional approach.
So are we looking at billion dollars of sales for PTX? Yes, I believe. Market cap now? $22m.....Impossibly low.
So yes, buy bit by bit over time and a big chunk upon milestone achievement. I think this is one of the biggest opportunities to allow us to retire rich. You don't want to be filthy rich ??
PTX Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
