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DewDiligence

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DewDiligence

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Re: rkrw post# 80871

Thursday, 10/28/2010 9:07:38 PM

Thursday, October 28, 2010 9:07:38 PM

Post# of 251939
CDXS buys MAXY’s molecular breeding platform for $20M:

http://finance.yahoo.com/news/Maxygen-Announces-Sale-of-bw-4092978.html?x=0&.v=1

In a 2009 discussion on this board, you, microcapfun, and I wondered how much MAXY’s gene-shuffling technology was worth.

The answer, evidently, is not much—the effective price of today’s deal is even less than $20M because CDXS’ royalty obligations to MAXY have now been canceled.

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

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