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


To: Area51 who wrote (617)12/6/2021 4:59:41 PM
From: scaram(o)uche1 Recommendation

Recommended By
Area51

  Respond to of 684
 
I bought a few YMTX this morning, when it dipped well below cash. Cash is needed, however, and there's debt.

Addressing large markets, down about 80% on the year. Looks like a fund bailed this morning? Came public via reverse merge and has been relegated to garbage pile.

A Merck deal could provide some non-dilutive cash, but not much, if any, for near-term. Most advanced Merck project was in lead optimization about a year ago. A program transitioning to phase II for Parkinson's disease on biomarker results (without demonstration of efficacy) in phase I. Many targets looking for a candidate molecule. I like management, but nobody else seems to.

I'll look at BCEL, thanks.



To: Area51 who wrote (617)12/16/2021 11:22:52 PM
From: JamesK1 Recommendation

Recommended By
Area51

  Respond to of 684
 
Third quarter report has cash at 354.4 million. Google gives market cap of 365.22

The stock needs to drop another 19 cents from todays close for Google number.

Yahoo gives market cap 346.2 so they're already under with them.

I haven't bought any.