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Biotech / Medical : Biotech for less than cash value -- Ignore unavailable to you. Want to Upgrade?


To: nigel bates who wrote (34)5/30/2002 1:44:39 PM
From: tuck  Respond to of 684
 
LEON has $112 million and a MC of ~$90 million. You know how much they are burning? Haven't followed them closely at all.

Cheers, Tuck



To: nigel bates who wrote (34)5/30/2002 2:20:04 PM
From: baystock  Respond to of 684
 
<LSBC cap around $32m - interesting, if not absurd...>

There cash burn rate appears to be $7 million per quarter. At this rate they will be out of cash in 6 quarters. With capital markets shut for money losing biotech's, maybe not so absurd after all...