Biotech Values

[urche]

"ptie's ceo is a major bullshitter."

Agreed. But, I thought his demeanor today on CC was uncharacteristically unbombastic.
No hedging and some humility in this comment:
"We tried to develop this drug (for IBS). It did not work and we're moving on".

Re strategy for 2006: King will be funding development of 1 or 2 new drugs, with INDs expected in 2006. These will be abuse resistant narcotics, not mingled with narcotic antagonist.
The bulk of PTIE's own cash burn will be spent on further development of Oxytrex, which I assume means another ph III study.
In response to a question, CEO said he personally was in favor of a share buyback and would put the issue on the board agenda. That sounds like BS to me.

urche