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Biotech / Medical : Biotech Valuation -- Ignore unavailable to you. Want to Upgrade?


To: Micawber who wrote (1759)9/29/2000 9:15:58 AM
From: Biomaven  Read Replies (1) | Respond to of 52153
 
Brian,

You aren't going to get any argument from me on CLTR. I own it and have added recently. I personally don't believe it is that much of a crapshoot. The price can be partly explained by the credibility they lost over their BLA "re-formatting." I believe the drug works and will get approved. How widely and rapidly it will be adopted is less clear - the radioactivity is an issue here, as are the manufacturing costs and difficulties.

There are other companies with approved drugs that have smaller market caps - for example SANG and KOSP.

I'll follow up with a post giving the current market caps of the biotechs in my list - as always, I'm likely missing a few. There are about 300 pharmas and biotechs on my list with market caps in excess of $10 million.

Peter