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Biotech / Medical : Dov Pharmaceutical, Inc - DOVP

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To: nigel bates who wrote (130)4/24/2006 7:31:34 PM
From: keokalani'nui  Read Replies (2) of 172
 
Hey. I avoided a train wreck for once.

The company is worth only the Indiplon royalty, less the negative value of current management. Cash less current liabilities less LTD is -$10m. Bicifadine ought to be killed, acute pain model wasn't any good and CBP failure was vs. placebo! The TRI program has nothing to support a value. Ociniplon is dead.

Preclinical GABA cpd for GAD and panic? NFW. Not in these guys' hands. If you hear them start to hype this and how excited they are...run for the hills.

I would buy dovp at $4. But I could make a case for $8 if Indi was already approved and management resigned and the new guys executed a complete restructuring. That is where ($8)it's trading AF. That is no deal today or until everything about the strategy changes.
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