Biotech Values

[biomaven0]

>>Even the business is 100% failure and all the patents etc. IP worth zero (which is impossible) the stock still worth $2.46 per share now!

I guess you've never invested in a failed biotech before. If things fail, they don't shut-up shop and return the money to shareholders. Instead they spend the remaining cash either on some new project or, more likely, on further attempts to make the old project work.

Peter