Pyxis Oncology (PYXS), mcap=$89m, price $2.70 vs $2.76

$PYXS pitch:
– Pre-clinical biotech at a 50% discount to its cash balance.
– Baby thrown out with the bathwater in biotech sell-off – down 80% since its $16/shr IPO at the end of 2021.
– Priced as if R&D will only destroy value – all programs are very early stage, so that is an overly exaggerated assumption.
– Very experienced management – led by former $PFE exec.

$PYXS valuation:
– Worth a double if traded up to cash balance.
– Pipeline value after taking into account significant potential dilution (4x share count) and adding the remaining cash balance, sums up to $26/share.

Exp. gain: +100% upside to the current cash balance. Multibagger upside on pipeline valuation.

Full $PYXS write-up (free guest account required):
https://www.valueinvestorsclub.com/idea/PYXIS_ONCOLOGY_INC/5506920272

Published on: September 7, 2022  •  Published by:
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