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Biotech / Medical : GlycoBiology

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To: nigel bates who wrote (7)	8/25/2004 4:21:33 PM
From: tuck	of 26

I'm sure GlycoFi will get out someday. They've done three rounds of financing for $17 million. A smidgen of government funding, Lilly and Biogen paying what is most likely a small fixed fee for samples (Biogen should have theirs now). I'd say those two need to place orders or license the production technology or whatever the business model calls for -- the mission statement is about the only hint, and it's vague. And some more besides that. It seems they might be trying to develop their own stuff as well, but I'd think investors would want more visibility there, too. I'd say at least two or three years? Here's a full text freebie from PNAS that describes the basis of their technology. They say they have 60 patents issued and pending to cover it . . . pnas.org Maybe SImile Partners can get in on the next round . . . Cheers, Tuck

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