dsco Discovery Laboratories Message Board

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Biotech / Medical : dsco Discovery Laboratories

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To: gumbydamnit who wrote (13)	4/22/1999 5:03:00 PM
From: wontgetfooledagin	of 318

Interesting post regarding jnj, abt relative to dsco and the details of the price protection of the financing on Yahoo message board by otter. JNJ not only owns 1.2+m in dsco but they have a royalty agreement of 10%. He also said the price protection puts enormous pressure on mgt to get a deal done with in 5 months. For the price protection to have any detrimental effect to current shareholder 2 things have to happen. 1st the price of dsco has to average below $1.86 over a 5 week period prior to the end of the 5 month period. 2nd, management has to fail in securing a deal for over $10 million with a major pharma.

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