Sunesis Pharmaceuticals - Countdown to the VALOR result
Mar 21st 2013 - Edison Investment Research today published a report on Sunesis Pharmaceuticals entitled "Countdown To The VALOR Result". In summary, the report says:
Sunesis’s investment case critically depends entirely on the outcome – due in around 12 months – of the VALOR study of vosaroxin in relapsed/refractory acute myeloid leukaemia. This study has enrolled 563 (83%) of its target 675 patients and expectations for success are already high following last year’s cohort expansion. This considerably increases the probability of vosaroxin showing a survival advantage to the statistical standard. We already assume a high probability of success in our rNPV, which yields a value of $436m or $8.46 per share (basic) or $6.98 (fully diluted).
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