Biotech Values

[rstor1]

Dew,

You're right - I should learn not to post before I've had my first cup of coffee.

Nevertheless, the projected '05 burn rate includes partner money.

"This projection includes cash collections expected to total $11.5 million, primarily from external development programs and potential ATryn® partnering arrangements."

I would hesitate to project subsequent q's based on what will probably be a one-time up-front.

As an additional comment, does the projected amount not seem on the small side? Unless they are not talking about ATryn.

I have yet to listen to the CC, where this might have been clarified.

Regards,
Bob