Thanks to whomever pointed out that they only have 30 employees. WOW! That is sad. These days, big discoveries in biotech are not made with a small team of 30 employees. Wow, that is TINY!!!!
why don't you tell everyone Alex about how they now have 24 people on research alone. Maybe you have a hard time not counting past 30. What is TINY is your brain.
Aug 12, 2013
"Most significantly, relative to the same period in the prior year, the Company invested in building its research, development and administrative staff, increasing its headcount from 21 full-time employees as of June 30, 2012 to 35 full-time employees as of June 30, 2013, including 24 employees within research and development."
God, you my friend have no idea how science is done. University lab have at most 20 Post Doctoral students and these are the major one like in MIT. Yet, other lab may have a team of 5 to 10 and own many, many patent. These patent are create with association with major pharmaceutical partner. Beside ONVO isn't a pharma company that seek to put drugs on the market, it`s a bioengineering company.
NO my friend I DO know how science is done You can patent whatever you darn well please...don't make it valuable. Getting a patent is a far far cry from getting a product approved by the fda. And drug, bioengineered product...both take time. Yes drugs take longer, but still.
AND youre missing my point. Maybe your just a lab person with no clue about finance? The point is how does this little pipsqueek 30 employee, developmental stage company have a whopping 387M market cap??? Right now that implies the market is expecting a whopping $10M+ out of each and every employee.
What about the research resources they are gaining from their partners, like Pfizerr, the largest drug company in the world?
If they dont need to spend the money on extra scientists at this stage, why would they?
You keep saying Pfizer is a "partner". Show me where Pfizer says "ONVO is our partner". (and partner in what?) Pfizer may be a customer...but Pfizer has hundreds if not thousands of companies that it buys stuff from. ONVO is just name dropping. So what if they sold some product to Pfizer. SHOW ME WHERE Pfizer says they are "PARTNERED" with ONVO!!!
They wouldn't all be in one room. The real biotech companies that are worth anything have big buildings or complexes of buildings with many labs. ONVO is probably literally a couple rooms. This is a sad fact. In todays world you cannot make progress quickly with such a small group. Even with 100-200 employees progress is slow...years and years to make 1 drug.
Alex, why is it that you are engaged in this board. Maybe because you are trying to make money by shorting the stock? Anyway you have no credibility, so why don't you just give it up.