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Biotech / Medical : The thread of life

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To: scaram(o)uche who wrote (1162)	10/20/2006 12:31:47 AM
From: JMarcus	Read Replies (1) of 1336

I attended the BioSeek presentation. I was impressed. A very clear presentation. Good slide show. I came away with a much better understanding of the BioMap technology. I wish Peter Staple had talked about the IP protecting that technology, but he didn't. They have lots and lots of irons in the fire. The one important take-home message was that they intend to take one of their compounds into the clinic next year, and when they are ready to do that they'll do another round of fund-raising. Their cash burn is mild currently, but that would change upon filing an IND. 2005 revenues were up 65% and 2006 revenues should be up 100%. But when you start with small revenues, it doesn't take much to create a large percentage move. Marc

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