Thanks to Gary Cohen, we all now know what "pulchritudinous" means
He shares how he learned the word and thinks about the word he will drop in his next big call 👀
$RPTX boom just paid 22.93 US-cents. The 5 mln from GILD were expected but the 5.7 mln true-up was substantially larger than expected.
Would be a touch less spectacular if the 3mln from DCX were included, but cannot say.
Just the remaining 3 mln from GILD will bring us to almost 30 cents, when DCx pays their 3 mln (unless included) we´ll get ~5.7 cents at a 90% participation rate.
Debiopharm (Lunre) recently also had great news and was initially communicated with a near-term payment, my guess is they will pay 5 mln$ on choosing a P2 dose? Otherwise P2 initiation a highly likely trigger.
And there are still other assets to monetize. I think this will return close to or more than 100% of last closing price within 12-18 months and that is before the real deal (the BMY assets) are considered.
7/ I've also cut this down as a sanity check. My thoughts is that the Geismar property is money-good considering recent appraisal and long-term prospects for Gulf-coast chemicals. Sarnia is more of a concern.