Here are the Reasons why IGXT is a MUST Buy !!! Fair Value is $2++ By Now !!!!
This unknown Goldmine is One of the best Biotech Investment out there !!! Patience will payoff big time here !!! I think Double Digits is highly likely within next 2 Years .GLTA
Reasons To Buy :
1) Very Very low Market cap of $32 M
2) Very Attractive Product Pipeline of 9 Products including a Potential Blockbuster
3) Another NDA and 2 ANDA filings expected in 1H 2013
4) NO DEBT
5) Has Cash till 2016 EXCLUDING Revenue from approved Drugs and Milesstones from New Partnerships
6) Insider & Institutions holding together 27 Mil Shares of the 50 Million Shares Outstanding
7) low float Stock
8) Almost all Intelgenx´s Products will be available on the Market within 2 Years
9) very low Burn-rate of just $1.2 Mil a Year
Has cash until 2016? Don't think so. I believe you're forgetting the nice big salary that Khosla is now getting, the larger building, more employees with good pay, and the cost to produce. They will need more money this year. There will be little if any new money coming in this year.
Nice bashing Empire... They have plenty of cash $2.5M at 3/31 cash from the milestone payments due from Edgemont another $1M, cash from warrants and sales of Forfivo. Their burn rate even with the additional expenses is sill under $2M. They should also start getting revenue from teh migraine drug in the last half of 2014 and any partnerships for the ED drug which they say they have a $3M offer for U.S. and a term sheet for Europe.They have planty of cash into 2015 and beyond.
That's what we have been lead to believe, but we haven't seen anything yet. Maybe when he takes over in Jan 2014 he will have more power to put his imprint as far as communications. The next 6 months should be very interesting with the NDA filings and possible partnership's that they say they are negotiating. Time will tell.