SIBIA Neurosciences (SIBI) Message Board

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Biotech / Medical : SIBIA Neurosciences (SIBI)

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To: RWReeves who wrote (357)	5/26/1999 4:31:00 PM
From: scaram(o)uche	Read Replies (1) of 579

Yeah, Lilly got quite a deal. However....... SIBI got a nice chunk of cash for research on molecules apart from 1508 and 1553, and we don't know the royalty details attached to the option. I'll bet that they're very attractive. If so, and if the phase II data for either molecule looks decent (as many here know, I'm not invested due to either of the lead molecules), then we'd have Lilly fully funding the phase III trials while SIBI just sits back waiting for data and money. I like this sort of deal...... good for the pharma, good for the biotech if the data fits the market. I won't like it if Lilly can pick up the option at anything less than 15%, and I don't think that 20% is unreasonable given the circumstances. Pretty crummy release. After all this time, we got the standard SIBI communication...... totally insensitive to their small shareholders.

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