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Biotech / Medical : Biotech Valuation

CRSP 55.11

-2.6%

Nov 7 9:30 AM EST

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To: BulbaMan who wrote (21195)	9/7/2006 4:06:19 PM
From: Biomaven	Read Replies (1) of 52153

Well $10m upfront doesn't indicate a major deal. On the one hand DVAX looks cheap - market cap of only $125m (with $60m cash on hand); on the other hand they burnt $15m last quarter - that's not sustainable at their present market cap. Peter

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