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Protalix BioTherapeutics, Inc. (PLX) Message Board

  • jim_weaver_uk jim_weaver_uk May 3, 2012 4:51 AM Flag

    Seeking article

    PLX will charge $150k per year until they can ramp up manufacturing to cover 100%. Once they can produce for 100%, the drop prices to capture 100%. Then maximum number of patients ELELYSO can treat with ramped up production = 5500 patients X 100% = 5500 patients.

    INCENTIVES FOR SWITCHING

    PLX offers patients $5,000 per year rebate to pay their medical premiums for using ELELYSO. They get insurance companies to offer doctors $10,000 rebates for prescribing the cheaper "generic".

    PLX only charges $100k net price for treatment ($105k before rebate). Insurance companies pay total $115k ($105k for drug $10k rebates to doctors) minus co-pays, etc. Net savings to insurance company is $85K per year.

    PLX captures 100% of market because Cerezyme can't compete.


    PLX MARKET VALUE

    The maximum worldwide sales possible for ELELYSO is 5500 patients X $100K = $550,000,000. PLX's share of revenue is 40% = $220,000,000. EBIDTA = $220M X 0.90 X 0.97 = $192M

    $192M X Price/EBITDA of 10 = 1.92B Market Cap.

 
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