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Biotech / Medical : Pharmos (PARS)
PARS 2.700+13.6%Jan 21 4:00 PM EST

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To: tom r. phillips who wrote (1360)12/20/2004 9:32:36 AM
From: NeuroInvestment  Read Replies (1) of 1386
 
$60 million plus in cash after BOL makes its payment.
The CB-2 platform is near PhI, and its value has gone up with the COX-2 snafu.

They aren't going to go bankrupt, and a quick look at some comparable companies in the CNS sector gives me a post-TBI value of 2.00.

But it's going to be a long time before it gets there--especially given the fact that management's recent stock sales are going to raise a lot of questions about 'who knew what when?' It will probably settle in the 1.00-1.50 range.

Another bitterly disappointing day in the neuroprotection world.

Harry
NeuroInvestment
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