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Biotech / Medical : Biotech Valuation
CRSP 56.58-0.7%3:59 PM EST

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To: mistermj who wrote (6068)4/2/2002 12:25:18 PM
From: Biomaven  Read Replies (1) of 52153
 
mjfdl,

<ENMD>

SECOND THEORY: One or more Big Pharma oncology companies has reason to expect that EntreMed's products will succeed and eventually replace cytotoxic chemotherapy. This threatens a multi-billion dollar yearly market. Biotech companies use access to the capital markets to fund their trials, and advance their products. If spending $250,000,000 on a strategic shorting program can delay patient access to EntreMed's non-toxic therapeutics by 6 months or more, then it is MONEY WELL SPENT. They have a responsibility to their shareholders, after all. What's a few tens of thousands of lives compared to that?

All my general legal and biotech knowledge tells me that the above theory is laughable.

I haven't followed ENMD closely for a while (I owned it before all the publicity but sold on the spike. I've played it a few times since then but never in any size). One concern I do have is with the stability of endostatin. Is this still an issue? My recollection - correct me if I'm wrong - is that some endostatin failures were blamed on the use of non-potent versions.

Peter
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