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Replies to #87621 on Biotech Values
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tony111

12/16/09 10:54 AM

#87622 RE: turtlepower #87621

They have 1Q of cash left to burn. How can they advance the trial without raising cash. Its a pure fantasy to get partner this early. Look at ANDS when they announced their interim phase 1 data. Having higher share price as leverage is just bullcrap especially when the HCV arena is extremely crowded and all the companies will be testing combos not single agents.
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rkrw

12/16/09 10:55 AM

#87623 RE: turtlepower #87621

Sure but i would take that as a really bad sign if they go into phase 2 without a partner. They'll be going down a long road and funding will be a huge problem. Not to mention the stock would have virtually 100% downside risk. IMO if the p1 continues to look strong they should try to sell the company.