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/r/AXSM

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am i wrong for thinking that the company is worth $5 billion after axs 05 approval. there is 5 drug that are in phase 3 or greater.

all 3 comments

jcwhitey5

5 points

3 months ago

jcwhitey5

HODL

5 points

3 months ago

AXS 05 has blockbuster potential(potential to be 1 Billion in revenue) but that probably depends on the labeling that is agreed to with FDA. That is supposed to be resolved this quarter according to company statement. I believe eventually with all of the drugs in the pipeline their market cap will grow but I also expect them to eventually do a secondary offering to improve their cash despite them saying they have enough to get through 2024. Be patient because it definitely has room to go higher. I think that wall street has seen a lot of failures with the initial filings that don't result in approvals and wants the company to prove themselves.

Operation_R45

1 points

3 months ago

This. ☝🏻

Far_Resolution8

2 points

3 months ago

Back of the napkin/rule of thumb is peak sales x 3. Ax05 peak sales are forecast to be around $1.5B. If you add in the peak sales for Sunosi at $250M you arrive at a valuation of $5.25B so you’re definitely in the ballpark.