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Bio_pete

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Bio_pete

Re: MLD38 post# 20

Thursday, 05/31/2007 12:07:05 AM

Thursday, May 31, 2007 12:07:05 AM

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ISIS's CEO, Stanley Crooke stated during their annual presentation that IBIS is transitioning from a research to a revenue generating division with the intention of spinning it off. They anticipate revenues to ramp-up quickly and estimate up to $150 million by 2010 just from the sale of the assay kits.

This division could support the entire clinical development program and I can't imagine how much they can sell it for. They can't hold the share price down for much longer.
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