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DewDiligence

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DewDiligence

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Re: gym gravity post# 13447

Thursday, 08/07/2008 10:52:02 AM

Thursday, August 07, 2008 10:52:02 AM

Post# of 19309
>LFB stepping up to help GTCB with the cash burn must be the news.<

I would characterize LFB’s financial support as tepid. True, LFB reimbursed GTC for $3M of collaboration expenses in 2Q08 and committed to another $3M reimbursement in the second half of the year. But this is chump change in the overall scheme of things.


Let’s talk biotech!
“If your beloved drug candidate sounds
too good to be true, it probably is.”

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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