Perhaps under #6 in your intro should be the condition, 'BT news that is highly significant for an individual company, but may not be initially perceived as important for the sector in general'.
After all, MZ, I realize that all of us SI BT junkies like to pride ourselves in finding the truly significant scientific news which will impact the sector. However, an equally important reason to report developments, and probably the entire reason SI exists, is to MAKE MONEY as a result of this discovery process.
So while you may not have deemed the news from DCTH and VVUS worthy, and your news from IDEC/Roche is certainly *scientifically* more significant than the two items I presented, it is also a fact that DCTH has ~doubled and VVUS is up about 15% (both trading on substantially increased volume) in the ~5 trading days since I placed those press releases on this thread.
Thus it would appear, at this very early time frame, that investors, voting with their capital, are indeed interpreting the news from Delcath and Vivus as significant achievements.
In short, at this stage (time will tell), both DCTH and VVUS appear to fit the definition quite compellingly as 'Biotech Success, 2002'.
Framed differently, if someone reports a 'significant achievement' here (and you give your 'blessing' to the 'significance'), and investors think otherwise (the stock falls by 50% the next day)...is THAT considered a 'Biotech success??? If you say yes to that, then this thread is VERY different than the 'Biotech Failure' thread where a major criterion, if not THE major criterion, is that the stock of the company reporting the bad news has crashed.
Do you view this thread as completely independent of stock price movement??? Do you view this thread as a haven for intellectual discourse of advances in science, completely removed from the crude world of finance??? That's a fine idea, a commendable goal, and one I'd love to join. But such a discussion is more suited for another forum.
This is Silicon Investor after all.
Is it not one of the objectives of this thread to learn of significant positive developments as soon as they are reported so that BT investors can take early advantage of the news before it disseminates over the subsequent days and weeks to the rest of the investing community.
That was precisely the scenario that played out with the news I posted for both Delcath and Vivus. |
