Recent news articles reporting HMTM treatment cost of usd2k yearly is misleading. The usd2k is suppose to be the OOP (out-of-pocket) payment by the patient for USA market, assuming a 80% medicare insurance co-pay of HMTM's usd10k yearly treatment cost.
AngTalyor, I am hearing there is a very good chance of getting regulatory approval for the drug. Is it your thinking as well? If it happens is it likely to be by June 2023?
@Riaz, FDA is a corrupted agency n personally i think CA may not be so easy without the backing of a big pharma. We are doing this regulatory process alone because at this stage if we are to cut a deal with a big pharma, it is likely to be a bad deal for us, something like 50% revenue sharing. I think our CMO Richard from Eversana is skillful in dealing FDA (but not for EMA). We are hoping for a UK CA later this year to lead in the rest of eurozone n EMA.
Alzheimer's lobbying groups can play a huge part in FDA's approval process like what we have seen during Aduhelm's approval. However such connections with the so-called non-profit Alzheimer's lobbying groups need a lot of money plus they are all already being bought over by rival amyloid drug makers.
Even without TauRX, Genting is very good prospects, as from business point of view the worst is over. There was considerable underperformance of the business prior to CV19, even then the valuation would suggest price of 7. Plus, add Las Vegas coming in on stream since then technically it should be more than 7. The you add the prospects of Drug approval then anything could happen. The only issue I see, is the owner share transaction and constant profit taking that may slow things up.
Genting casino's future is uncertain once PN takes over. Should go there more often now in case it doesn't exist anymore 5 years later. Hope you win big.
Smart investors will scoop this and let profits run wild. Based on candle stick chart, Genting Berhad still remains strong, staying above MA20,50,200. Volume profile looks promising too. Cheers!
Outcome of impending state elections in Selangor, Penang and Negeri Sembilan would be critical. Should the PN make big inroads in these three states, you would see Genting heading south.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
choysun
4,403 posts
Posted by choysun > 2023-01-27 17:48 | Report Abuse
In the future, when in Gents and see blue pee in urinal, we'll know that our investment made it happen... :p