May. 15 at 4:07 PM
$ESPR Just for fun, Endpoints news had an article today about non-traditional acquirers ramping up activity in biotech M&A.
There was an example (not the best one for non-traditional acquirers) acquisition of KalVista recently for their
$1.9B. This was for their hereditary angioedema drug. AI says the US market TAM for this is
$1.25B, expected to grow to ~2.5B over the next several years. They paid nearly 2B for this! Imagine what BA is worth. US market TAM for lipid-lowering/primary prevention, etc is several 10s of billions (approaching a hundred billion). 5% penetration with statin intolerance, MACE reduction, etc makes this more valuable than KalVista, not even counting ACLYi pipeline.
Just another way to put into perspective what a lousy scam this deal is.