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Biotech / Medical : Biotechnology Value Fund, L.P.
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To: scaram(o)uche who wrote (873)8/20/1999 10:49:00 AM
From: LLCFRead Replies (1) of 4974
 
<. would you expect rockets like CBST and TTP, or should we expect slow, grudging progress on the back of data? >

As I've mentioned before, I believe that we should expect more TTP/CBST type moves... albeit perhaps on the back of data. I have been a bit brutal at times scoffing at those who have said:

"XYZ is dead money, I'll get in when the products gets approaved [advances in trials, shows efficy, company turns profitable, etc, etc]."

I see no reason why one would normally expect to be able to "get in" once risk has abated, and I expect that those instances where this does happen will be fewer and fewer.

Hold those deep 3rd tiers... there is no free lunch.

DAK
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