Biotech Values

[WorstLuck]

Jake predicted early that ENTA would go down to its IPO price. Nobody else has provided a price estimate. If the price gets close to the IPO price, but does not reach it, then was Jake correct?

Mostly yes. It's unlikely to happen unless there is no partnership or one that is 'poor' - which seems to be his base case.

For the last six months I would say that Jake's comments on Enanta have been reasonable.

Jake provided an answer that Enanta should have been able to reveal a partnership at the same time that Enanta revealed the phase 2 data. Seems reasonable. Has this occurred with other companies? I do not think Enanta revealed the data publicly at the earliest time possible.

ENTA said publicly post top-line data that their data room was not up and running yet. That moots the argument about no partnership yet.

Does anybody other than Jake have a time point that could reasonably be expected for announcement of a COVID partnership?

Yes. Several have pointed to September-ish. I personally think that while possible, it is optimistic (early).

I don't like to see personal poking between participants, but I do find value in Jake's comments especially as a matter of examining my own bias.

Further up or further down I am happy that I have not purchased more Enanta. If Enanta's greatness is imminent, then let me see it happen.

Good luck to you. I am personally still of no position, but the banter is interesting.