Positive Possibilities (MONEY)

[bowonwing]

IDMI @ $3.62 on 8/29/08. Palo Alto Investors (PA) has accumulated another 3.2M shares of IDM in Q3-2008, for a total holding of 10.6M shares (25.18M shares outstanding, about 20M+ float), about 1/2 of the float. At end of Q2-2008 PA held 7.4M shares. 8/28 SEC filing, http://secfilings.nasdaq.com/filingFrame...

As I have previously posted European (EMEA) Union approval/ non-approval of L-MTP-PE expected by year end 2008.

PA specializes in healthcare/ biotech.

Some speculate buyout offer coming soon.

Valuing biotech business (market cap): x5 expected sales three years from now(?).

Estimated expected sales of L-MTP-PE about $50M to $100M a year:
$50M x 5= $250 market cap or $9.75 a share;
$100M x 5= $500M or 19.50 a share.

Value of IDM's pipeline must be added to this in a buy-out offer .

Some very informed posters on IDM yahoo and I-Hub speculate IDM is worth about $11+ a share, or about +200% from current price.

GLTA do your own DD. I am long IDMI.