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Biotech / Medical : Trickle Portfolio
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To: tuck who wrote (405)1/23/2001 12:07:18 PM
From: tuck  Read Replies (1) of 1784
 
IPO waters pretty muddy so far for biotechs. NetGenics couldn't do it, and had to cut its workforce because it wouldn't have the funding it anticipated. ThirdWave has started its roadshow, and interest looks thin. Deal might not get done. Check the story at genomeweb.com. XGEN is not exactly a bioinformatics company, but it could be affected by this. Development stage companies just don't seem to be in right now.

Cheers, Tuck
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