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BioTime, Inc. Message Board

  • hwmccusker hwmccusker Apr 23, 2013 8:07 AM Flag

    Files to sell 2.8 M shares and 7 K warrants

    A filed prospectus relates to 172,533 BTX common shares held by subsidiary LifeMap Sciences and 1,286,174 BTX common shares held by subsidiary OncoCyte Corporation. All of the net proceeds from the sale of the BTX common shares held by LifeMap Sciences will belong to LifeMap Sciences, and all of the net proceeds from the sale of the BioTime common shares held by OncoCyte will belong to OncoCyte.The Bottom Line: An important factor to remember … research products can be marketed without regulatory or other governmental approval and thus … offer relatively near-term business opportunities, especially when compared to therapeutic products. The medical devices and diagnostics that BTX develops will require regulatory approval for marketing … but, the clinical trial and approval process for medical devices is often faster and less expensive than the process for the approval of new drugs and biological therapeutics. BTX’s current and near-term product opportunities, combined with expected long-term revenues from the potentially large revenue that could be derived from cell-based therapeutic products under development at subsidiaries, … could provide BTX with a balanced commercial strategy. The value of this balance is apparent in the commercial field of regenerative medicine as competitors whose sole focus is on long-term therapeutic products have found it challenging to raise the requisite capital to fund clinical development. Ultimately, BTX’s ability to generate sufficient operating revenue to earn a profit depends upon its success in developing, marketing or licensing products and technology.

    BTX closed at $3.57 on 4/22/13, down from $3.79 on 4/19/13. Financings seem to always set a downward motion to the share pricing – expect a 5-10% depreciation.

    Sentiment: Sell

3.71+0.05(+1.37%)Jul 7 4:07 PMEDT