Vin, roger that. Good for you. I was a little to early in our mini meltdown, which happens with Pozen on a regular basis--bought back my trading shares--5000 at $5.20 and 5000 at $5.08. Pozen still has around $2.50 per share in cash and a hugh partnership on the horizon. When the annoucement comes this baby should pop up nicely.
The upside risk is high, and far outweighs the downside risk. After taking account of cash on hand, and an assumption for the value of Vimovo franchise, the street is valuing PA franchise at less than $30M!
The signing arrangement with a partner will alone be on the order of $30M!!
With expected 2016-2018 peak revenues of near $500M annually, globally, and a 20% profit share, it is estimated that EBITDA to POZN will annually be in the $80M-$100M range. or about $3/sh EBITDA.
Typically, companies trade in the range of 5-10x EBITDA, implying $15 to $30/sh.