Biotech Values

[10nisman]

OT <<< You know there's a tremendous amount of demand? Show me the data in terms of quantities demanded at varying rates of interest. >>>

Private equity financing terms went from essentially the easiest in history (covenantless) to covenant restricted with high capital requirements almost over night. I don't have the resources to put together a listing that you're asking for, however, I do know that every private equity firm that I've worked with and spoken to in the last 12 months (approximately 75) have been unable to finance multiple transactions. I recommend calling up any private equity firm with a $750 million to billion dollar fund and ask them how many deals they had last year that died because of the inability to obtain financing. It's a large number.

With respect to business demand... I frequently speak with a large number of private micro to small-cap businesses and last year most were unable to obtain reasonable debt financing terms for expansion.

Sorry I couldn't provide a quantifiable answer for you.

10nis