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Biotech / Medical : Cadus Pharmaceutical Corp. (KDUS) -- Ignore unavailable to you. Want to Upgrade?

To: Mike McFarland who wrote (105)	2/17/2000 5:28:00 PM
From: scaram(o)uche	Read Replies (1) \| Respond to of 1833

Mike: >> I know everybody else is here for the other angles, but the chip is what intrigued me. << As you know, the market cap at today's close was 38 million. Pick whichever underlying strength tickles you, and odds are that it's sufficient justification for an investment. No? A couple of points.... (1) I'll stick with my estimate of $0 to be derived from SmithKline. Would love to stick any surprises into a valuation model, however; (2) I have been unable to find any guidance regarding the royalty from OSIP (Solvay or OSIP-proprietary). I'll stick with my total guess of 6%. However, given the new business strategy of non-exclusive licensing of the genomics platform, I'll raise projections for milestone, license and royalty revenues. Cheers! Rick

To: Mike McFarland who wrote (105)	2/17/2000 11:59:00 PM
From: Dave K	Respond to of 1833

Mike, agree it will be interesting to see where this goes. No secret. We beat the Chip to death a long time ago. Last I heard was the prototype Living Chip sponsored by Cadus worked well. Not surpising coming out of MIT and Hunter crew (the rocket scientist's rocket scientist...if you read his work). Then all went to hell. I figured further development was curtailed by the patent dispute causing withdrawl of funding or patent issue itself. I'm happy to rely on Rick's eye in estimating the values. I can't. The mission is to find surpises for him -g-. Miljenko in KDUS huh ? Man I shoulda added more. Cheers !