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DewDiligence

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DewDiligence

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Re: DewDiligence post# 34996

Friday, 10/06/2006 2:02:30 AM

Friday, October 06, 2006 2:02:30 AM

Post# of 252255
Quiz answer re money-losing biotechs

Q: Name three Massachusetts-based biotech companies who have between them lost more then $4B since their inception.

Readers have correctly named the threesome of MLNM ($2.5B of cumulative losses), SEPR ($1.6B), and VRTX ($1.0B).

The mystery fourth big money loser is ALKS, which has amassed $600M of cumulative losses since inception.

Hence, these four companies between them have lost almost $6B (!) since inception.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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