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DewDiligence

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DewDiligence

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Re: ghmm post# 72721

Saturday, 02/14/2009 6:24:19 AM

Saturday, February 14, 2009 6:24:19 AM

Post# of 257257
ITMN and GERN raised sizable amounts of cash Friday in market-priced deals. The financing window may be opening a little for money-losing biotechs.

ITMN sold 3.5M shares @17.96, raising $62.9M in gross proceeds:
http://finance.yahoo.com/news/InterMune-Announces-Pricing-prnews-14352233.html

GERN sold 7.25M shares @7.77, raising $56.3M in gross proceeds:
http://finance.yahoo.com/news/Geron-Corporation-Announces-bw-14352173.html


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

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