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

To: aknahow who wrote (6506)	6/7/2002 11:55:21 AM
From: Biomaven	Respond to of 52153

Well certainly one very significant event for biotechs will be the FDA decision expected next month on FluMist, MEDI's nasal 'flu vaccine. MEDI has aggressively proceeded with manufacturing for the upcoming 'flu season, and so if there is any delay at all they will likely have to write off what they have spent. Peter

To: aknahow who wrote (6506)	6/7/2002 12:24:39 PM
From: Czechsinthemail	Read Replies (2) \| Respond to of 52153

BTW many months if not a year ago, I posted that Cash Is Trash. Still believe this and while it was an unpopular view then, few have insisted that cash is the way to value biotechs at present. It is, was, and always will be the science and product approvals. With an approval of an important drug one can raise cash, by selling shares at higher prices or by borrowing. I would agree that cash is not the primary consideration in valuing biotech, since a company with cash burn but no prospects should trade below cash. Clearly, progress in developing and getting new drugs approved is critical. But cash is an important consideration since the R&D requires it. The key is having enough cash and a sufficiently strong R&D program to get to significant drug approvals. I think the cash factor comes into play as an eye-catching indicator that the prices have dropped to absurd low levels and helps trigger buying by bargain hunters. I think you can see that in play with SEPR, ELN and others today.

To: aknahow who wrote (6506)	6/7/2002 1:12:55 PM
From: Jibacoa	Read Replies (1) \| Respond to of 52153

<<Cash Is Trash>> It can buy you a House But not a Home It an buy you a Bed But not Sleep It can buy you a Clock But not Time It can buy you a Position But not Respect It can buy you Medicine But not Health It can buy you Blood But not Life It can buy you Sex But not Love So you see, money isn't everything. And it often causes pain and suffering. I tell you all this because I am your friend, and as your friend I want to take away your pain and suffering... So send me all your money and I will suffer for you. Cash only, please.