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Biotech / Medical : Biotech Valuation
CRSP 52.51+2.7%Nov 14 3:59 PM EST

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To: LLCF who wrote (71)3/17/1999 12:49:00 AM
From: RCMac   of 52153
 
>>I follow [CORR] and will post on integrelin if anyone cares.<<

David, I hold a small slug of CORR as well, as you know, and I'd be delighted to see your thoughts on Integrelin sales.

FYI, here are another SI contributor's Integrelin estimates as of a couple of months ago: Message 7578160
"Now here is where the market is short-sighted. CORR will likely do $70 million end-user sales [of Integrelin] in 1999. This should grow to $150-200 million by 2001."

Assuming you have a sales estimate for Integrelin, or adopt the one quoted above, how do you translate that into an estimate of valuation (aside from feeling in your value-player bones that it's real cheap at these levels, and ought to attract CHIR's or someone's attention). And how would you assign a value to CORR's next product, Cromafiban, an oral GP IIb-IIIa inhibitor now in Phase II? Here is CORR's recent press release on Cromafiban: biz.yahoo.com

--RCM
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