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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 wrote (24779)10/4/2007 11:44:56 PM
From: Ian@SI   of 52153
 
I looked at them briefly during the past year (Think I posted some stuff on this thread around which there was a bit of discussion.)

At that time they did not have a PhIII underway in the US, they didn't have much cash

I came to the conclusion that there was likely to be several secondaries and a long time before there was any NDA filed. Their mkt cap is quite small considering the drug's potential if successful, but so far I've taken a pass. It seems to me there are many better opportunities out there.

Why take the risk with an undercapitalized, one drug pipeline company?

Ian
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