Biotech Values

[DewDiligence]

LOL re FLKS IPO:

http://pipeline.corante.com/archives/2015/01/29/flex_pharmaceuticals_is_testing_what.php

What does Flex have going for it? They have a therapy being tested for noctural leg cramps and other neuromuscular spasms. Fine. What is this therapy? It is a mixture of capsicum, ginger extract, and cinnamon extract, and that makes me think that if you added some fish sauce and some rice that you could probably serve it in a Thai restaurant.

…I appreciate that the the company is actually going to run clinical trials and prove efficacy, rather than go the usual dietary supplement route and just sell the stuff anyway… this is how plant-extract-based medicine should be done… It is possible to wish them well, though, and still wonder about a market in which they are able to raise $86 million dollars with apparent ease.

On second thought, maybe this is not so funny.