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

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To: aknahow who wrote (236)7/27/1998 3:49:00 PM
From: scaram(o)ucheRead Replies (1) of 4974
 
George:

Perhaps it's true that "most" biotechs do private placements.

However, very few companies that I have owned have done them. As a matter of fact, I can only think of two companies that I've owned in the past two years that have done a PP. One had already crashed, and the other did the PP just before crashing.

So..... I have probably owned 50 biotechs. I'd bet that less than five have done private placements, and I can only think of one that did such when the business plan was still healthy. I can only think of two companies that did a PP while I still owned them. Certainly, among the universe of companies that I find to be attractive, PPs are the exception not the rule.

Cheers! Rick
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