Jul. 10 at 1:35 PM
$RYTM — Quick elaboration: current ~
$5.5B market cap reflects HO/BBS only. There’s no value being ascribed to Prader-Willi yet. And we know Meeker — the GOAT doesn’t greenlight a trial unless he’s confident in efficacy. They've learned a lot about the drug, and he has strong conviction it’ll work in Prader.
Meanwhile,
$SLNO is a Prader-only story and it’s valued at ~
$4.5B. By raising funds, Meeker is signaling he wants Prader priced into
$RYTM. If the Phase 1 reads out positively by year-end, the stock could add
$2–3B in value — taking it to ~
$135/share.