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Biotech / Medical : Biotech Valuation
CRSP 53.20-3.8%12:07 PM EST

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To: Sam Citron who wrote (13329)10/6/2004 2:54:13 AM
From: Icebrg  Read Replies (1) of 52153
 
[CTIC] >>As I have stated before, I consider the current market as a whole to be rather uninspiring, and so I view opportunities like this, where one can make 20% in under 6 months in a stagnant stock to be quite attractive.>>

Sam,

the reason for the high premium is the expected release of Xyotax Stellar 3 data early next year. That will be a truly binary event. Especially on the upside. The downside seems better protected as the current valuation appears to be "supported" by Pixantrone and to certain degree also by Trisenox.

Erik
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