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Biotech / Medical : Infinity Pharmaceuticals
INFI 0.0160-4.8%Sep 29 5:00 PM EST
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To: DewDiligence_on_SI who wrote (10)4/12/2006 1:49:40 PM
From: rkrw   of 210
 
Combined company market value of roughly $220M doesn't seem so low to me for a phase I company. Strong cash position but probably a high burn rate. I don't think they could have done better in an ipo today. Good for both companies shareholders. imo.

Given infi and mgt could be liable if there were a conspiracy to cover up something ominous, that idea seems far fetched. Probably no more risky or less risky than any other early stage bio out there. I think it is what it is, a nifty, easier and cheaper way to get public, get liquid and access public capital to build a company.
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