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Biotech / Medical : biotech firesales
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From: pgo-neil11/19/2014 11:01:54 AM
   of 3661
 
Bind down over 15%. Only news is BIND-014 NSCLC results presented at EORTC. Headlines sounded positive. The results seemed okay [at Ph2] and looked interesting. So, why the drop? Maybe they have less than 18 months cash at current burn rates and in the release announced they will be starting more trials based on the positive results.

They mention plural studies, so hanging in for 12 months may be difficult at their $51M cash as of September. So how low does it go before they raise more cash?

Best,
graham
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