BioLineRx Ltd (BLRX)

[Amatuer17]

Actually this is going to be slow mover - will sit here for 6-9 months at which point some of the trial interim results will start coming - at that point we will know if the gamble paid or not.
It is not confirmed success - in fact chances are lower than 30-40%

However compared to other bios - I am more positive at this point due to

1. Good financials - they have decent cash on hand
2. Backing from multiple BP - shows much high level confidence in the product
3. BP actually having some stake in the company and funding few trials - this shows BP are invested
4. Private equity have taken big stake (like 25%) - I tend to think them as baker bros investment

So this time I am not depending on my own intelligence (which has failed me in cases like IPIX) but intelligence of BP and large investors.

Hopefully it will give good results.