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Biotech / Medical : Celgene-CELG
CELG 108.240.0%Nov 22 4:00 PM EST

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To: Biomaven who wrote (211)12/10/1998 10:33:00 PM
From: Miljenko Zuanic  Read Replies (1) of 804
 
Thanks Peter.

<<$4-5m this year, $50m next year. Drug cost for cancer patients is $18k per year, so less than 3k cancer patients projected for next year - seems conservative to me. >>

Regards the pts # for 99 projection is way to conservative. Regards the therapy costs per pts numbers are bit to aggressive.

I will project therapy costs (cancer pts variation) at 7-10K , while pts # at 10-12 K for 99 [ 2-3 K MDs (STEPS members) x 4-5 pts/MD). Consequently, T revenue at 70-100 MM (at healthy margin of 85-90%) and net T profit (after max 10% royalty to ENMD???) at 50-70 MM.

Not bad for ~180 MM capitalization company. :)

Miljenko
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