Biotech Values

[rkrw]

Out of curiosity why do you see them as idiots for their pricing? What should they have priced at and why? Coincidentally both your examples got bought out for extreme amounts of money.

<<Of course, I still think Genentech and ImClone are idiots for their pricing of Avastin and Erbitux.>>

I'm not sure i understood where you were getting at with your answer to the pricing comment. Were you in agreement with dew or not so much? My opinion is its a bit of a stretch to price based on an extremely limited amount of people who will self pay. Maybe they could offer a 50% cash discount for Paypal direct deposit to Gold's personal account :)