Biotech Values

[mcbio]

MYRX hires Stifel Nicolaus to explore “strategic alternatives”:

I would be curious to see some kind of numbers behind how many times where a company has publicly announced it hired a firm to help it explore "strategic alternatives" that such action ultimately resulted in either a sale of the company or otherwise a material benefit to shareholders. I tend to believe, as I think I've stated before, that companies that have something of legitimate interest to offer a prospective suitor or partner normally don't need someone to peddle them. Those types of companies tend to have the interest show up on their doorstep anyways. Obviously, as with anything, I know there are exceptions but would be curious to see general numbers behind this.