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Biotech / Medical : Trickle Portfolio

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To: keokalani'nui who wrote (969)12/26/2001 2:26:19 PM
From: tuck  Read Replies (1) of 1784
 
Wilder,

ARE seems to form a LLC every time it makes an investment in one of its customers.

sec.gov

I noticed one of them popped up when I looked for insider transactions for Paradigm Genetics: ARE-108 Alexander Road, LLC. However, SI's insider trading link appears to be off by a numeral, calling it "ARE-104 Alex Rd, LLC". In any case, this entity sold some 25,000 odd shares of PDGM a few weeks ago.

Vague mention of this little venture arm is made in the notes to the financial statements in the 10-K under "investments." If they do well with it, this shadowy ARE arm could provide some upside to earnings. Not to mention clues to the perceived potential (by whoever runs these things) of the companies in which they have a stake.

Cheers, Tuck
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