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Biotech / Medical : Biotech Lock Up Expiration Hell Portfolio: Wave II

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To: Madharry who wrote (27)6/25/2004 3:27:02 AM
From: tuck  Read Replies (2) of 107
 
SNMX, the taste receptor company, I remember now. The discovery process is as long as for drugs, but the regulatory process is much shorter. Still, they only have two candidates headed for the regulatory hurdles soon, and their partner is only likely to select one.

S-1:

sec.gov

Vertex (via Aurora) and Incyte apparently have a stake, as they were holding some convertible preferred. Senior management hasn't been with the company for long because it's only five years old. IP early -- pending applications, none granted -- and thus murky. Almost alone in their niche except for a private outfit called Linguagen, though it's possible the big flavorings companies have similar programs (I doubt it). But I agree, I'm not going to run out and buy this one right away.

Cheers, Tuck
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