What happens to sales and shares if or when other pipeline projects fail due to regulatory requirements or do not achieve the expected market penetration?
Krystal is currently heavily dependent on a single commercialized product, and a clinical or regulatory setback could wipe out most of the current growth in a very short time.
Is the current valuation with a P/E ratio of over 25 and a market capitalization of around USD 4 bn justified if the company does not yet have a broad, diversified product base or is the market simply paying for the hope of future blockbusters?