Dec. 9 at 8:42 PM
$NEUP I always thought Lynx1 were after BNC210 but pretty clear via all the SEC correspondence they want MK-1167 due to the easy potential milestone cashflow and low overheads with Merck on board.
The offer barely covers cash backing however and is insulting.
I'd have cash backing at
$3-
$3.50 a share, MK-1167 would be worth at least 4 as a standalone asset and BNC210 is still their best asset and worth at least 4-5 imo. Is a great molecule but stage 3 will be expensive for a chronic indication like PTSD. Hence why they took the throw at the stumps with the SAD trial. Anyhow even in a fire sale the parts are worths double digits $$$ minimum.