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


To: nigel bates who wrote (3289)4/2/2001 11:31:57 AM
From: scaram(o)uche  Read Replies (1) | Respond to of 52153
 
>> Do hostile takeovers happen much in biotech ? <<

Never.

>> Might be a good time for the bigger fish to snap up some minnows - how much value is left if the employees walk though ? <<

MLNM gobbling TELK? 120%.



To: nigel bates who wrote (3289)4/2/2001 11:34:51 AM
From: nigel bates  Read Replies (1) | Respond to of 52153
 
Might be a good time for the bigger fish to snap up some minnows

...anyone got a list of biotechs under $250m cap with less than three quarters of burn left (and with a respectable pipeline or technology) ?



To: nigel bates who wrote (3289)4/2/2001 11:40:42 AM
From: Jibacoa  Read Replies (1) | Respond to of 52153
 
I will ask for Peter's indulgence and make a short comment on what some may consider a "penny stock", Anika Therapeutics.<g>

biz.yahoo.com

It sells for less than half of book and also a fraction of sales.<g>

What brought my attention was its good up-move today:

siliconinvestor.com

And the fact that it seems to have a good amount of room "upstairs" to run.<g>

siliconinvestor.com

Also the fact that they don't seem to have any LTD.<g>

Bernard



To: nigel bates who wrote (3289)4/2/2001 11:41:40 AM
From: scaram(o)uche  Read Replies (1) | Respond to of 52153
 
>> CRGN/(and eg)ABGX would be a pretty nice fit. <<

Too many eggs in the antibody basket, IMO.

MLNM paid a huge premium for LKST, but look at what it did for the business plan, extending forward. With CRGN and ABGX, if anti-IL-8 doesn't pan out, you would have a bigger cash- and future-rich biotech.

I feel that CRGN should focus on finding a LKST-like op.

TTP fit with anyone?