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iPhone Cases sale As a result, the majority of their net loss can be attributed to the very high R costs.For the H1, 2017, FibroGen reported a net loss of $66.3M (US); Galapagos of 32.9M and Prometic of $60.6M CAD.From these figures, one can reasonably argue that the Prometic management, instead of being inept at controlling the burn rate, remains very competitive in terms of running very cost effective clinical trials for the purpose of advancing their pipelines along the clinical and regulatory path.Prometic's pipeline is competitive, and the lead product is expected to be the first among the three companies to be approved and go to market. The R costs are comparable to the other two companies. Why then is there a huge discrepancy in the company's valuation On August 16, 2017, FibroGen stock closed at $40.75 (US), a market cap of $2.9B (US); GLPG at $87.60 (US), a market cap of $4.4B (US); while Prometic stock at a mere $1.25 CAD, with a market cap of $882.3M CAD.Why does the market (or the investors) think so little of Prometic Surely not because of the pipeline as discussed above; nor for high R costs, as also shown above, that are not greater than its comparable peers, a reality no doubt understood by any investor in the biotech sector.iPhone Cases sale

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