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Replies to #51496 on Biotech Values
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DewDiligence

08/24/07 10:12 PM

#51498 RE: alertmeipp #51496

>But if you think Stoll's lying, then that's another story.<

Most biotech CEO’s choose their words carefully in front of investors. They know that saying there are term sheets for a drug candidate is sufficiently vague to not be an actionable offense. Disclosing the mere existence of term sheets without disclosing the terms themselves is not a material item, IMO.