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Re: DewDiligence post# 25261

Monday, 04/20/2009 7:15:57 PM

Monday, April 20, 2009 7:15:57 PM

Post# of 52265
Dew: True, that's one of the possibilities, I've tried to direct a couple companies Cortex's way. But unfortunately, the other dynamics are:
1) Lots of companies needing the cash-rich, pipeline poor company. It's like an oil field worker putting a Craigslist ad looking to meet women in Alaska--there's a lot of competition.
2) Some of the shareholders (BVF or Tang seem to usually be involved) of these CR/PP companies have decided to take the cash, rather than allow M&A--e.g. Avigen: NTI and Vanda have the same issue under discussion. That further reduces the number of available parties.

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