News Focus
News Focus
Replies to #87768 on Biotech Values
icon url

turtlepower

12/18/09 2:36 PM

#87781 RE: mcbio #87768

OGXI CYCC -

I think the easy money has been made



Yes but is a double or a little more than that 1 year down the road out of the question? I think not if they find a partner but I'm more concerned about if they don't.

CYCC hasn't advertised looking for a partner in any of their PR's or presentations. I think I like the fact that mgmt doesn't try to pump the company but I'm not sure whether this indicates that they will try to finance on their own at least the AML trial. Will companies be willing to sponsor a trial based on single arm data?
icon url

wallstarb

12/21/09 1:14 PM

#87907 RE: mcbio #87768

CYCC will need to raise some cash VERY soon whether its via PIPE or partnership they don't have the luxury of time any more - they dont have a huge burn but then again they dont have much net cash left either.