Biotech Values

[DewDiligence]

it speaks volumes when an "insider" says "I think we'll pass" …They have all the inside data and know what's going on and THEY don't want it. Do you think another company will feel comfortable partnering it? Would you if your job/reputation was on the line and you partnered it and it failed? Your boss would fire your ass and say why would you pay $$$ for it when NVS (who is an insider) said they wouldnt touch it.

The above scenario is exactly what happened with IDX899, IDIX’s drug for HIV. NVS declined to exercise its option and IDIX then inked a partnership with GSK.

p.s. When you don’t know what you are talking about, it might be better to keep quiet.