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Biotech / Medical : Biotech Valuation
CRSP 56.68-2.4%Dec 12 9:30 AM EST
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To: Biomaven who started this subject11/4/2000 7:36:07 PM
From: Russ B  Read Replies (1) of 52153
 
Peter, or someone..

Do you know of a biotech or pharma that does 350 mil in net profits p/year??.. DNAP filed their 8-K Friday and this was included in it (below).. Can anyone give a lead? TIA

FROM 8K***DNAP ALLIANCE WITH LARGE CO..

The company is currently negotiating an alliance with a major biotechnology company to market and develop the TruSeqTM product described later in this proposal. A software product developed by the company is currently being reviewed by the National Institutes of Health for STTR Phase I funding. The company also has alliances with various academic scientists for ongoing gene
discovery projects.

Major Bio-Products Company - TruSeqTM The company is negotiating a partnership with a major bio-products company (identity is private at this time) to further develop and market the TruSeqTM line of products developed by the company for non-STR application. DNAPrint genomics will be the only company in the world to apply these products to DNA testing or DNA "fingerprinting". The company will obtain an up-front licensing component and a
running revenue royalty component over a renewable 5 year span. This particular company does over 350 million dollars a year in net profit and is a market share leader in the molecular biology products field. This deal is currently the subject of negotiation between DNAPrint genomics and this company. If and when this agreement has been negotiated and finalized, it would serve as the companies first news announcement.
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