Re: Gilead buys Immunomedics
Went for 6x peak sales of $3.5BB...
So certainly great upside for Cort if we hit a cancer
franchise or metabolic franchise...Big IF’s though...
I sort of continue to believe CORT will have to sell
themselves someday to realize their desired valuation.
Doesn’t seem like Mr Market will ever give it to them..:
On another note, short interest on IMMU was 26MM..
Nice to see them dead wrong and lose $1BB or more!!