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Replies to #70019 on Biotech Values
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ghmm

12/12/08 6:09 PM

#70021 RE: DewDiligence #70019

I didn't look at the filing close enough but maybe these shares come with some anti-takeover provision (vote with mgm or the like)?
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Spitz

12/12/08 6:13 PM

#70022 RE: DewDiligence #70019

What sort of milestone payment does MNTA get on enox approval? Taking dilution prior to a potentially large milestone payment doesnt make much sense to me. The other way to look at this financing is that they are solidifying their cash position in the case of a negative FDA decision.