Biotech for less than cash value Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : Biotech for less than cash value

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: rkrw who wrote (269)	8/21/2007 1:11:40 AM
From: pgo-neil	Read Replies (1) of 684

Thanks for the list. There are 3 other companies that might qualify... Lexicon [LXRX] is selling a big piece [about $205M] of itself and also partnering development risk [about $60M]. Its current market cap is about $263. Once all money is collected [small if], then they should have about $295M of cash. They say their burn rate is about $20M per quarter, so they have until 2010. Northfield Labs [NFLD] has about $40M cash and a market cap of about $32M. It burns about $6.5M per quarter, so it is just feasible that it could get FDA approval for its Polyheme before running to zero. There should have been a big "IF" in that last sentence. Point [POTP] has a market cap of about $1.6M and even after its severance package in mid-July probably has about $3.2M if they haven't been using their new consultants [old executives] too profligately. They reduced quicker than I thought and they may make it to December. But I think the Ph2 Pancreatic Cancer trial results will be available in a few weeks. I hazard that LXRX is the only one that doesn't fit last years pattern. Whether either of the other has a reasonable survival rate is reliant on how well the [already existing but not analyzed] data supports their progress. Cold Equations. Best, graham --

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next