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Biotech / Medical : Biotech for less than cash value

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To: Gary Mohilner who wrote (39)7/4/2002 11:49:11 AM
From: nigel bates   of 684
 
IMGN...certainly oversold

Current cap now $85m. Interesting despite recent news.
(I recommend this link for some relevant background to the whole MAB targeted approach, though:
"Future of Monoclonal Antibodies in the Treatment of Hematologic Malignancies"
medscape.com )

                                          March 31,     June 30,
2002 2001
ASSETS (Unaudited)

Cash and marketable securities $144,002 $150,800
Other assets 12,652 8,361

Total assets $156,654 $159,161

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities $6,998 $5,361
Long term portion of deferred
revenue and other long term
liabilities 11,828 11,353
Stockholders' equity 137,828 142,447
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