Biotech Values

[Democritus_of_Abdera]

Re: Iluvien Investment Opportunity...

So the drug doesn't work and it essentially gives you glaucoma!?!

Where do I sign up for that!

Wallstarb, you’re in luck... According to an amended prospectus filed today, Alimera Sciences is planning to make an initial public offering of stock. see: http://www.sec.gov/Archives/edgar/data/1267602/000095012309072887/g20643a1sv1za.htm

Beware, however, that there will be an immediate dilution due to conversion of outstanding preferred stock into 77,736,832 shares of common stock upon closing of the offering and there will be additional dilutions due to the expected excercise of outstanding warrants and upon the anticipated exercise of stock options by employees or directors accrued under the equity incentive plans....

and, there will be an immediate reduction in working capital by the $15M payment to pSivida which is payable in full upon completion of the public offerring.