IDM Pharma, Inc. (IDMI)

[bowonwing]

"Biotechnology companies that can't cut expenses enough or obtain financing will be bought by large pharmaceutical companies and bigger biotechs at bargain-basement prices reflecting the lowest market valuations since 1990."
bit from Bloomberg News 1/6/09 article "Report warns 100 biotech firms to disappear this year."

I guess this is part of the reason IDM is spinning it's wheels right now at about $1.70, even after the positive EU "approval" news.