Biotech Values

[DewDiligence]

NBIX employees other than top management now have an incentive to keep the share price low through Sep 26, 2006, the date when non-executive employees can (and obviously will) exchange old, all-but-useless out-of-the-money options for new options at the 9/26/06 closing price on 50% of the original number of shares.

http://biz.yahoo.com/prnews/060825/laf033.html?.v=59

It’s a pretty good bet that there won’t be any consequential positive news between now and 9/26/06.