Well that’s pretty close to the 82c Edison have as a valuation, I hope it does go that far! I’d be very chuffed if we could hit 50c giving a valuation of around $110m (using rounded numbers). I don’t think that would be too far out of the realm of possibilities but obviously the license deal will have to be with a major and with some good upfronts as well as nice percentage share of future sales, that would help set expectations of future license deals in the US, Europe and potentially ROW, just for Progenza of course.
Wait and see....
RGS Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held
