Hey Mike,
Do they have people who can push through the FDA?
One local biotech I know had great products, (results even better than the 80% you mentioned). When it came down to it there were two groups at the company - the guys who raised the money for R&D, and the scientists who put that dough to work. Ex-FDA insider was missing, and all that dough was wasted (a lot too.)
Then in a past life, I'd review business plan after business plan that had what was clearly proven, breakthrough medical technologies, but with only scientists and money and no FDA salesman - couldn't touch 'em.
I know you really like some biotech's, and am wondering if FDA pitch experience is among your selection criteria, and if so, how much relative weight you give it.
Thanks,
Doug |
