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Astex Pharmaceuticals, Inc. Message Board

  • mcj96 mcj96 Sep 5, 2013 9:26 AM Flag

    S V N next......The last co Dr Meeker was on the bd of was Penwest Pharma which was acquired for $5/sh

    That's about the price SVNT will fetch in a YE sale........SVNT currently sells for LESS....than 1x 2014 rev estimates.......Does ASTX sell for less than 1x sales ?......My humble recommendation: Use some of your profits to buy SVNT at less than 1x sales.........SVNT's orphan drug Krystexxa is a rare disease therapy that currently sells for only $5,390/dose........Once Krystexxa is priced like peer group rare disease therapies like Acthar, which sells for over $34,000/dose, SVNT's US revs alone will hit about $350 mil......SVNT's breakeven is about $95-$100 mil and SVNT's margins are currently around 80%. Even after giving Duke 8-12% royalties SVNT will still have huge earnings power going forward. Krystexxa 's patent also runs till 2026. Good luck to all.

    Sentiment: Strong Buy

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