Replies to post #133357 on Biotech Values

[BTH]

LOL, exactly. How many biotechs do you know that just start up, and, PRESTO, a few years later, have a successful drug from R&D into sales.

[DewDiligence]

Vertex was founded in 1989.

According to any reasonable definition, VRTX became a biotech success in 2006 when the phase-2 data made it highly likely that Incivek (f/k/a/ VX-990) would eventually become an approved drug. So by my calculation, it took only 17 years :- )

[DewDiligence]

Ariad founded in 1991.

WTF were they doing for all those years?