$SNSS Going to take a stab at Dayone current valuation. With everything considered...and there is not a lot of publicly available info..but with DO101 data so far and assumed remaining cash after their Series A this past spring I would say they could be worth $200-$300M. Should have zero problem raising a lot more money in a Series B. IMO...if SNSS goes RM route (possible but not convinced this is the plan) They need to do something to boost valuation to get close in line with D1’s. Regardless...they going to be getting milestone $$$ soon from them. How much and when...??? But if someone eyeing SNSS for BO...the Dayone result is attractive for improved probability of future rev streams from that partner channel.
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