Biotech Values

[masterlongevity]

my favorite quote from the latest Elan drama.

from Kelly Martin...

"We want to create what we think is a unique company because I think this industry is totally ripe for a completely different approach to how it assesses assets, manages assets and values assets," Martin said.

"I think this industry in some regards is in the stone age as far as how it looks at its business ... This opens up an entire group of new investors."


This is so funny. KM teaching lessons to the rest of biotech. It is the most laughable thing I have heard in 2013, maybe even in the past decade. Take a look at Elan's chart vs. the rest of big biotech for the last 6 months, 12 months, 2 yrs, 5 years and since KM has been the CEO. Its absolutely horrendous, yet he wants to reshape the industry