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Biotech / Medical : Biotech Valuation

CRSP 52.51

+2.7%

Nov 14 3:59 PM EST

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To: Biomaven who wrote (15181)	1/10/2005 1:53:20 PM
From: quidditch	Read Replies (1) of 52153

AMLN@JPM: listened to most of the webcast--hoping for April (PDUFA date) approval of exenatide and launch with combined LLY and AMLN sales force.... Q&A inferred note of interest: when asked about the sufficiency of cash to bring to fruition all of the clinical trials planned and in process and whether there were plans for an offering, the rep responded that AMLN was at $300m (as I recall) at y.e., and that, plus "the course of business opportunities that will unfold" (words to that effect) should be adequate and that no plans for an offering were currently contemplated. To me that meant that they are optimistic on exenatide approval and, possibly, partner deals are in the works for other candidates. Diabetes is not a therapeutic area that I'm familiar with so I can't really offer any intelligent comment. quid

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