IVPH -- INNOVIVE Pharmaceuticals Message Board

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Biotech / Medical : IVPH -- INNOVIVE Pharmaceuticals

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To: scaram(o)uche who wrote (36)	11/14/2007 9:55:09 PM
From: fred hayes	Read Replies (1) of 117

"not pretty" looks to be putting it mildly. Looked at this awhile ago but lost track of the liquidity issue. As of 9.30 have more current liabilities than cash -- must be even worse by now. But 14.6 mil shares @ $1.55 gives mc of only $23 million. Two late stage drugs kinda-maybe look low risk, including Tamibarotine (already approved in Japan), covered by SPA, and should be okayed end of 2008. Next up "406" for CML nda target 1h 2009. Several hundred $ million peak sales potential for these 2 per IVPH. 2 other drugs with nda target in 2011. My big question: how much is the pipe worth. Looks like we'll know something very quickly? Something has to give here. Gotta think it's worth more than $23 mil. Sale of company? Or financing?

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