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mcbio

12/21/11 10:52 PM

#133548 RE: jaybird249 #133546

BPAX is trading for less than cash (cash less long-term liabilities) plus residual pipeline value (even after the libigel disappointments)

Yeah, but what exactly is left in that pipeline? I love buying beaten down out-of-favor biotechs but there has to be something of promise left in the pipeline for me to pull the trigger. I'm not so sure that exists with BPAX.

wallstarb

12/22/11 8:27 AM

#133562 RE: jaybird249 #133546

BPAX has only $.28 a share net cash as of today and a $12m a qtr burn - its currently trading 1.6x net cash as per my spreadsheet with about 15 months cash left

nesgag

12/22/11 8:53 AM

#133567 RE: jaybird249 #133546

jaybird.. this is an awesome write up...
i reposted it on the Ihub BPAX site...

and person mark for you buddy.. have a great day..