Micrologix biotech Message Board

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Biotech / Medical : Micrologix biotech

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To: Pete who wrote (534)	8/19/1999 12:29:00 AM
From: Larry G.	Read Replies (1) of 792

Hi Pete, The financing was all they needed to get rolling. MBI has raised about 16 million, with option they get 9 more million. They have 9 million already. I am not sure of how much they have exactly but enough so they can negotiate some alliance with other drug companies. They can take MBI 226 through phase 2. They can start phase one on two more drugs. I think MBI is going to start up and any one in it is going to be very happy. If you have any money now is the time to buy. It would have been better if you bought before the financing but it is to late. I do not think the prices will stay here for long. Only thing that can cause a problem is a panic in stock market. A big panic but MBI has enough money to ride quite as storm now. This is my opinion however I have been wrong more times than I have been right.

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