Biotech Values

[biomaven0]

all told, cancer-drug candidates are a sucker bet

Seeing my three biggest positions are ARIA, MDVN and PCYC, my portfolio would very much disagree with you, to date at least. :)

You could make the same argument about drug development in general - clearly most drugs are going to fail. The exceptions are not, and it is our job to find the exceptions before Wall Street does.

Peter