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Thursday, September 22, 2011 7:47:20 PM
I was excited to see the Bofa analyst had modeled around 50m in expenses for 2012 soon after the Amphastar news. But Shea and wheeler disagree..25m corp G&A also seems excessive for such a small company considering it doesnt include salary for scientists. the excuse is FOB . but never ask them any details on FOB. entire industry is moving at lightening speed on this including doing phase 3 clinical trial(eg: Hospira)...and here these guys seem to be on drawing board. At least tell us some milestones(hide stuff that will aid competition)..
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