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Biotech / Medical : Biotechnology Value Fund, L.P. -- Ignore unavailable to you. Want to Upgrade?


To: nigel bates who wrote (2667)9/29/2001 9:23:09 PM
From: scaram(o)ucheRead Replies (2) | Respond to of 4974
 
>> But is it for sale ? <<

Ponder, ponder, ponder........

Yes.

But, I agree with your sentiment...... there's probably not much to stop Glass from letting the cash ride where it may. More power to Glass/Icahn if they pick something good outside of biotech. I still think that the potential royalty flow would add tons of "sexy" to a prospectus. Find some great functional genomics company and merge them with KDUS instead of doing a mezzanine?

>> but in the current environment, it's understandable <<

Hey, I think that they did great. I was assuming that they'd do it at $4, before the run. Me <------- happy camper.

>> Genomweb article on funding gives the new conventional wisdom <<

The IPO and secondary markets were buried deep by last week’s mass selling.

We were looking at "dried up funding" pre-atrocity. BioCentury had done their "look for some down rounds" article about a month ago. I'm not certain that funding will be that tight. The sector is very, very strong.

We'll see. I personally believe that the sector is so strong and that small caps are so outrageously undervalued that a sector rally will attract lots of interest.

A group of SI biofreaks participated in a round that closed last week. Great opportunity.