Biotech Values

[zebra4o1]

Dew, does the advisory committe just vote up and down? Can't they recommend that more data is required - sort of equivalent to an 'approvable' letter?

Your 23.75% figure is only half the data I need to make make a rational decision on the puts. I also need to guess what the price of Eyetech shares would be after a bad meeting. Want to apply your backgammon reckoning skills to that number? I think Eyetech has approximately $7 per share cash, so that should be somewhat of a lower bound.