Biotech Values

[DonShimoda]

yup, everyone reads the 50% revenue split and gets all excited but the fine print required ariad to fund 50% of the US expenses. That kept me from investing until a few of those pesky dilutive financings were out of the way. Speaking of financings, I've got their cash position down to less than 6 months ($41mm at FYE less $16mm quarterly burn equals around 27mm) so whatever they're going to do, they need to do it soon.