Replies to post #198930 on Biotech Values

[DewDiligence]

ILMN/GRAIL—NYT on the enormity of the promises:

http://www.nytimes.com/2016/01/11/business/illumina-creating-company-to-develop-early-stage-cancer-detection-test.html

It sounds impressive to have minority investors like Jeff Bezos and Bill Gates; however, these parties can afford to lose their entire investment without it amounting to even round-off error to their net worth.

[DewDiligence]

BMY invests undisclosed amount in GRAIL—and will collaborate with GRAIL on screening for blood cancers:

http://www.businesswire.com/news/home/20170301005876/en/Bristol-Myers-Squibb-Expands-Focus-Precision-Medicine-Investment