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DewDiligence

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DewDiligence

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Re: mcbio post# 96433

Wednesday, 05/26/2010 11:01:04 PM

Wednesday, May 26, 2010 11:01:04 PM

Post# of 257262
ANDS translation: “We shopped ANA598 to every company who’s even remotely interested in HCV, but there were no takers. WTF do we do now?”

Answer: Raise more cash. This deal brings in $11.3M of net proceeds (5.8M sh @$2.15, less the banker’s placement fee):

http://finance.yahoo.com/news/Anadys-Pharmaceuticals-Inc-prnews-2488284349.html?x=0&.v=1

Lazard gets paid by ANDS for the direct placement as well as getting paid for the “strategic review.” Nice work if you can get it.


“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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