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Biotech / Medical : Biotech Valuation
CRSP 55.08-2.9%Dec 26 9:30 AM EST

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To: Arthur Radley who wrote (14756)12/17/2004 5:34:41 PM
From: Icebrg  Read Replies (1) of 52153
 
CTIC

They have stated that they expect to be able to raise at least 30 mUSD. Which is not very much considering their current burn rate.

I don't think the recently announced licensing arrangement is much to "bother" about. The company will either be very rich and famous or completely dead and forgotten before any drug from that product line will have reached its maturity.

This will by the way be NovusPharma's second try with the platinum drugs. The first time they didn't succeed.

Erik
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