Biotech Values

[DewDiligence]

Small insider purchase:

http://www.sec.gov/Archives/edgar/data/880431/000088043104000029/xslF345X02/edgar.xml

Independent director Frank Ecock bought 10,000 shares at $3.53 yesterday, increasing his actual shares (excluding options) from 40K to 50K.

Although this is clearly not a large transaction, it’s nice to see an insider step up to the plate and buy shares with his own money. The reason for the purchase? Mr. Ecock probably thought the stock was too damn cheap.