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Biotech / Medical : Biotech Valuation
CRSP 52.20-5.5%Nov 12 3:59 PM EST

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To: Jim Oravetz who wrote (890)3/24/2000 5:30:00 PM
From: Biomaven  Read Replies (1) of 52153
 
When analyzing a biotechnology stock, it is best to take cues from the lawyers who write prospectuses

Chuckle. That's about as sensible as taking your cues from the Yahoo pump'n'dump artists.

"We don't have any products ... we may never have any products ... even if we (courtesy some divine intervention) eventually had a product the FDA might not approve it ... we could get sued .... we could run out of money ... our patent rights are uncertain ... our key scientists might walk... our competitors are all much bigger and better than us ..."

Sound like any biotechs you know?

Peter
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