SportTrade
Nov 3, 3:02 PM
$PTN Strong Q3 beat for
$RYTM ( the only commercially avail MC4R drug) and valued at ~
$7BN mkt cap reinforces my conviction in upside for MC4R assets esp future prospects for next gen assets and the only other publicly listed co
$PTN…icurrently trading at under
$10M mkt cap…shocking! Interestingly, RYTM amended its biva (next gen oral) license with LG Chem agreeing to pay
$350M in exchange for reducing the royalty to 1%, from low MSDs. That further reinforces IMO they have confidence in upside for next gen assets which bodes really well for PTN which preclinically may be even more competitive but will have to see in clinic.
Yes there has been delays but new preclin data promising for their lipid (next gen asset) safety and potentially offer less than weekly dosing so fundamentals IMO totally disconnected from price. Get thru tax loss selling and remove funding overhang to recover. Im adding back once again this val’n makes zero sense with risk reward attractive. GLTA
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