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Biotech / Medical : Biotech for less than cash value
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To: RWReeves who started this subject5/16/2002 11:26:44 AM
From: tuck   of 684
 
NGEN, on dips below ~$2.9, qualifies. They seem to be burning at about $30 million per year, as they develop assays for their NanoChip systems and market same. In other words about two years worth. And they need to plug away on the assay development to get traction for their workstations, so I would guess that the burn continues for the duration, and that they'd raise money by next year.

'T'ain't no KDUS, which I bought back into a few days ago.

Cheers, Tuck
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