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Replies to #43071 on Biotech Values
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DewDiligence

03/14/07 8:14 PM

#43098 RE: randychub #43071

>LEVP – Rodman recently set a price target of $5, surprise surprise, they also recently did a placement for Lev. Anyone here follow this stock?<

LEVP went public via a reverse merger with a popcorn company in 2004! It has only 6 employees, according to Yahoo Finance.

Perhaps more important, the competition for drugs to treat HAE is unduly intense relative to the size of the addressable market. Among the competitors are Jerini/ABT, DYAX, and Pharming.

My advice would be to pass.