I know the chart looks insane but CPRX looks to be a buyout candidate for BMRN.
I'm betting on $7.50 (310M mkt cap) per share for CPRX. BMRN has 400M cash and 110M in debt. CPRX drug CPP115 has potential peak sales of 1.6B and 200M to 400M out of the gate.
BMRN already owns 17% of CPRX and therefore they look poised to take over the company. The remaining balance would be 260M payment from BMRN pricing shares at 7.50.
My take anyways. I'm buying the next dip in CPRX.
thanks Rick, will definitely take a look.
Sentiment: Strong Buy
up 0.30cents from the recommendation. I sold off half today at 3.55. Holding the rest with a stop at breakeven.