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Biotech / Medical : momo-T/FIF

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To: scaram(o)uche who wrote (4928)7/19/2006 1:22:34 PM
From: Ian@SI  Read Replies (1) of 12215
 
Re HGSI being called one of the BUBBLE snow jobs.

Is that still your current view? OR have they come down to a more reasonable valuation?

They seem to have some nice stuff in their pipeline including a promising SLE treatment.

Jun. 22 Human Genome Sciences Announces Full Presentation of Results of Phase 2 Clinical Trial of LymphoStat-B(TM) in Systemic Lupus Erythematosus

Current and LT marketable assets exceed Long term debt by about $100M or almost $1 share yielding a MC less cash of about $1.1B.

ARNA on the other hand has less total cash but almost the same per share; a MC under 0.5B and 9 days short interest (vs 4 for HGSI); and, a scattergun approach to trying to get an approved drug. Aren't they going to run out of money first thus being forced into disastrous financing terms?
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