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BioMarin Pharmaceutical Inc. Message Board

  • cholee65 cholee65 Sep 12, 2011 8:52 AM Flag

    Amgen bought Oncovex for $1 billion this year.

    Amgen recently bought cancer darling Oncovex for $1 Billion. About seven years ago Genzyme
    bought San Antonio biotech Ilex Oncology for $1 Billion dollars too. It looks like if you come
    up with the good data $1 billion is the magic buyout number.If you look into the roots of who
    really created Ilex Oncology. You will find the star was Alex Weis the co-founder he was
    their scientist; he brought in two awesome drugs from Sterling in San Antonio. Now he's at it again
    with Oncovista down in San Antonio. He has a tiny market cap of $12 million and $65 million in
    milestones over next 36 months potentially. And, two drug compounds with market potential of $1.35 billion.
    If OVIT repeats Ilex Oncology's success it has 100X upside potential.

    Watch the CEO talk..

    the CEO is top notch and if their Adult Leukemia drug could have been approved for Hairy Cell Leukemia.
    However, the market was to small. I think this stock is going to be a major home run.
    This has tremendous upside potential given it's market cap is so small compared
    to all other cancer stocks listed.

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