Biotech Values

[DewDiligence]

>GNVC – I've listened to the CC and every single analyst congratulated the management team on the good/great results.<

This is par for the course, IMO. Sell-side biotech analysts in the US have a strong tendency to be dickheads.

For some reason, the sell-side analysts in Europe are, by and large, not like that. They actually ask intelligent questions and they don’t preface their questions with gratuitous flattery.

I don’t know if this behavioral difference is cultural or structural, but it is unmistakable.