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Post# of 253037
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Alias Born 08/10/2007

Re: bladerunner1717 post# 58192

Monday, 01/28/2008 2:00:36 PM

Monday, January 28, 2008 2:00:36 PM

Post# of 253037
I have followed the company for almost 7 years. During this entire time, Berger has claimed to be building a fully integrated pharmaceutical company. Scary since the company has no approved drugs.

Berger has a long history of

1. bullshit bingo starting with the phrase he applies to every Ariad compound that succeeds in a petri dish - "best in class"

2. over-promising and under-delivering on clinical deadlines and partnerships

3. overseeing a revolving door of industry hires ostensibly added to bring structure and process to the organization

4. running the company as an R&D lab

The current Phase 3 in sarcomas is a test of one's investing philosophies -

Are Merck and the SPA which it helped negotiate legitimizing factors which warrant a long position? or

Does the fact that the SPA requires 27511 to demonstrate efficacy beyond the Phase 2 results preclude investment?

I remain on the sidelines.
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