Biotech Values

[turtlepower]

ARYX - I think its a bit concerning that they need to play poker with potential partners. The data appears to be compelling enough that any deep pocketed partner should have plunked down the 50-75 million for the partnership by now. I wonder whether the delay is because the partners want to hash out the details for the potential PIII trial first with the FDA. In any case I lightened my holdings by about 50% last week assuming a delay till Q1 of 10. If I had to guess, given my knack for timing, this means that ARYX will probably sign a partnership next week :(