Biotech Values

[rkcrules2001]

mouton -- dndn dilution

<<Didn't they say no offering before interim 9902B results are out? I could be wrong.>>

Yes during the conference call they said repeatedly they had enough to get them to the interim look.

Dew has already noted those statements may not be worth much.

Even if they were trying to be stone cold honest during the call, I just assume dilution is still quite possible within the next few months as they reassess the situation.... i.e., as their "more data" discussions with FDA proceed, and as they run the numbers on interim success probabilities, and as partnerships do not materialize.

The reality seems to be that even if they do make it to the interim without extra cash, they would be pretty tapped out at that point. Not a happy situation (unless of course the interim is a "slam dunk" ...ha!).