Biotech Values

[jbog]

MCBIO,

I'm under the belief that Elan's stock price at this point has nothing to do with its drugs but the price reflects the concern people have with its balance sheet.

If they were in any other business they would have been shot and buried a long time ago. It IS the strength of their drugs that gives them a $5 price and until the worlds financing gets in line they'll be hurting.