You can run relative value analysis across the board in biotech and find single agent companies valued 2-3x higher and platform companies valued 5-10x higher, all at similar stages of product development as CTIX. The reason why CTIX is not valued much higher right now is clearly due to the lack of confidence in the CTIX management team led by Ehrlich and Menon. Both men at CTIX have been victims of negative press...perhaps justified, perhaps not...discussing their backgrounds. At the end of the day, Wall Street backs management teams...especially in biotech...where leadership needs a track record of enhancing shareholder value by either taking products to market and through exit upon a sale to a larger bio/pharma company.
Despite a promising blockbuster cancer drug in development, a potential strong psoriasis drug in development, and an antiobiotic platform recently acquired and re-ignited in several clinical trials (note the CDC's superbug warning yesterday), CTIX continues to hover around $200 million.
So, for those of us who think the pipeline is worth a hell of a lot more, but are wary of investing deeper with this management team, why should we load up right now on CTIX? Tell us why you are extremely confident and comfortable with Ehrlich and Menon running the CTIX ship...because, at the end of the day, that's who we are trusting our funds with.
Please respond if you own a big stake in CTIX.
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Sentiment: Strong Sell
I've always liked the fact that their interests and mine as a shareholder are well-aligned. They've put their own dough up and that's the best signal to me that they've got a shot at succeeding. That's perhaps naïve. I have 17,500 shares bought at $1.80. I view it as a long term option.
Sentiment: Strong Buy
Not one institutional investor . . . not one. All the "investment pro's" and bio experts on this board smarter than the true professionals? Haha. I had 100K plus shares early and made money . . .