InvestorsHub Logo
icon url

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.
icon url

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
icon url

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..