RadioIsotope25
Sep 28, 1:41 PM
$CATX
If ESMO repeats roughly 43% ORR in the broader Cohort 2 population, with the same clean renal/marrow safety and responses continuing to deepen, I’d put a plausible whole-company buyout range at
$1.0–
$1.6 billion—roughly
$8.75–
$14 per CATX share on ~114 million shares.
Why that range:
CATX already has about
$237M cash plus a real manufacturing network under build, so a buyer is not just paying for a Phase 1/2 dataset.
The first 23 Cohort 2 patients showed 10 responses / 43%, with 50% in the all-SSTR2-expressing subgroup, and the reported safety profile has been notably clean for an alpha program.
Repeating it de-risks the result; it does not yet prove registrational durability,
$DRTS $TLX $IOVA
1 replies