Cougar Biotechnology (CGRB)

[gfp927z]

Here's a re-post from SI on Paramount, the Rosenwald related firm that has done some financing for Cougar -

>>> Paramount has a terrible rep from a few years back, in particular Genta will taint them forever. But the current Paramount model is pretty interesting.

They find a ceo they like, form a company with say $5M. ceo builds a small mgt team and looks for product to inlicense. This is how Cougar was started. At some point the sooner the better its completely hands off. As you can see the $50M cgrb offering was with Leerink.

It's a great business model for Paramount, help launch a company, modest upfront investment at risk, collect banking fees when they raise money through their capital arm. If the companies succeeds they can make a huge return all around without much being at risk.

Here's a list of some Paramount started companies, some good ones and some duds. chtp, ivph, gnta, dsco, kerx, cgrb, idev, adh, ntec, hnab, cypb, jav, nvd, ctic, ptn, crme.

I think Paramount has cleaned up their act, but I'm sure there's a lot of people out there who will never invest in these and future paramount companies because of the connection. <<<