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Replies to #68028 on Biotech Values
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its_the_oxygen

10/31/08 9:55 AM

#68030 RE: DewDiligence #68028

Flattery will get you nowhere!

Just being honest. Most discussions here are carried/corrected by your knowledge of the biotech markets.....but yes enough flattery for today.

But, seriously, I think IDIX did have a good CC.

Dew, do you have a link for the CC. I would like to listen to it tonight.

In this market, it was especially important that the CFO stated in plain language that IDIX is well capitalized and does not have a liquidity problem.

That's great to here, however, that IMHO, does not exclude the opportunity for a financing assuming two things:
1) There is a BD left out there that can execute a PIPE and/or any other type of financing(hopefully not a debt deal)

2)They liscense a portion more of the company to BP for more operating capital, when the timing is right.

oxy