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Biotech / Medical : Biotechnology Value Fund, L.P.

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To: Biomaven who wrote (83)3/19/1998 11:41:00 PM
From: scaram(o)ucheRead Replies (3) of 4974
 
Peter:

Yeah, I had a good day too. MOGN, CVAS, and *nailed* VGINF, bailing from 75% at 8 3/8 during the only 30 seconds on the day where one could do such. Keeping the remainder, as it's just too much fun watching Stevens et al. trying to hold it together with paper clips and bubble gum. Quite a show in Toronto. Stevens.... now there's a guy with vision.

>>It would be interesting to look back historically to see just how many "walking
wounded" biotechs have actually made it back from a near-death-experience<<

Ready for a surprise??...... Idec is a good example.

It's even tougher today. A company needs not only a viable product that meets a CLEAR need, but they also need ready access to a "platform".

DM1 is a nifty little molecule. Not trying to say that it doesn't have utility. However, I'd say that IMGN's history is rather rich with stuff that, IMO, wasn't, to put it gently, in the best interests of the shareholder. And worse.

If I were Lampert, I'd make you CEO.

Or V1.

Or maybe PB.

Silsbee? You look good in a suit?
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