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DewDiligence

12/16/11 10:49 PM

#133214 RE: oc631 #133213

PSI-938 was poised to enter late stage testing in 2H/12 pending results in the QUANTUM study. It was not in early development.

To my knowledge, no buyer has ever valued a drug at PSI-938’s development stage as highly as $3B or anything close to that.