GTCB and Glycofi
"You guys are losing track of the big picture—MRK just paid $400M for GlycoFi"
Your point is well taken, DEW. But, the big picture is also the longer term picture. As I said, I wonder and worry about what happens SHORT TERM when the $1 limit bidder goes away.
This brings up a related issue on valuation. Assuming Glycofi is worth $400M, shouldn't a reasonable market value GTCB even higher? Being private, Glycofi's accomplishments are not well known. But, I think it is fair to conclude that GTCB has demonstrated ability to produce more proteins, and more complicated proteins than Glycofi. And it certainly has products that are further along the development pipeline. So, at the risk of sounding like a Yahoo pumper, GTCB is potentially worth 7 times its current valuation.
urche
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