re: Smartmoney story
Only 14 profitable companies in the industry, and one of them is Gliatech, with less than $200mm in market cap. Since I live in the country in a redneck area, you might understand what I mean in that context: GLIA is one of few visible deer not hanging upside down in a tree. Gonna go after that sucker-:)
More seriously, where is the Moore's law company that will make biotech products affordable and universally used? Is it a humanizing MaB company, like ABGX, or MEDX, or PDLI? Is it a bio-chip maker like AFFX? Is it a metabolite/enantiomer/chiral switch company like Sepracor or Celgene or Celltech-Chiro? Is it a company that packages the Human Genome Project (INCY), or uses it (MLNM or CRA), or stakes out territory for itself (HGSI)? Is it a company with the bucks to buy any of the above (big pharmas and AMGN)? Is it a company that controls access to a specific market (say Taisho, Kirin, or Takeda) or can solve regulatory hurdles (Novartis, Glaxo, Roche)?
If a big new railroad is a-buildin', who mans the train, who owns the track, and who merely supplies the steel?
(On most days, I'd settle for just the steel, and have. But there's a larger vision here that I'd like to participate in.) |
