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How Opthea became a $1 billion stock in a month, and analysts reckon there’s still more to come



  • Source: Stockhead - - Read: 0

    Summary:

     

    It’s not every day that a former doctoral student takes their thesis and turns it into a $1 billion venture, but that is just what Megan Baldwin has done at biotech outfit Opthea.

    Biotechnology is a crowded corner of the ASX which is filled to the rafters with female CEOs, and Opthea‘s Baldwin has emerged as a star.

    Advancing her doctoral thesis closer to commercial reality has pushed the worth of her shares and options – once they are converted – in Opthea to more than $20m.

    And thanks to her recent strong research results with the OPT-302 drug, analysts are now valuing Opthea through the prism of partnering deals with pharmaceutical giants.

    Stockbroker Bell Potter’s Tanushree Jain reckons $4.44 is a fair estimate of the value of Opthea shares, taking into account what industry majo ...

     

     

    Read Full News: https://stockhead.com.au/health/how-opthea-became-a-1-billion-stock-in-a-month-and-analysts-reckon-theres-still-more-to-come/


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