Jul. 1 at 3:45 PM
$SLS long bull here and I’m convinced that GPS will meet its endpoints. However I’m a little worried, what happens after ? Let’s say there is no buyout ? After all AML CR2 has a TAM of just a few thousand patients a year, even with a very high cost I can’t see the market being larger than
$300 million or so. Right now we are almost at
$3 billion so that’s already 10x sales at most (more likely will be 50x sales to start). I can’t see any BP buying us out at this valuation ? Since Sterg doesn’t want to go it alone, but with no buyout, that leaves us to subcontracting the commercialization and marketing. I’ve seen many failed companies with approved once promising drugs fail this route, see
$SCYX for instance.