So I guess their science and pipeline is worth 29 cents. Hmmm! Seems like a bargain to me, especially with Novartis owning over a 12% stake.
I would think Seeking Alpha would be a little nervous concerning the law suit as CTIX seems to be getting a lot of validation from the FDA.
I just added another 3K shares myself. They are hosting an investor conf. Dec. 4, I believe, in NY on their lead cancer candidate - BL-8040. Novartis has the right to co-develop up to three compounds. BLRX should get the usual milestones, but the compounds will be licensed to Novartis if successful. I like the fact that BLRX is connected to most of the best research hospitals and universities in Israel. That is what keeps its burn rate so low. With approximately a buck in cash, you can buy BLRX for less than 30 cents. Novartis bought a 12.8% stake in BLRX about a year ago for $2 a share. When Novartis selects a compound to co-develop, it will pay BLRX $5 million and fund half the cost of the research. The funding will be in the form of Novartis buying a larger stake in BLRX. There reportedly is a cap to how much of BLRX Novartis can buy, but if the price was right, I would expect BLRX would be happy to be bought out.
I own over 12K shares. I am a little under water, but I don't worry because they have a buck a share, a low burn rate, and I believe Novartis took a 10% stake at a much higher level for the right to co-develop three compounds. The way I figure it, when Novartis picks a compound, BLRX will jump a buck. A friend works for Novartis, and although he couldn't comment on the deal, he said this is the way many large pharma's are doing business now. Let the little guys do the initial work, and then the big boys jump in and reap the benefits.
It is good news. Have a great Thanksgiving, Fraz. We have so much to give thanks for living in the greatest country in the world. I have given up posting on CLDX board as I am focusing on more positive things. The current political scene is a circus that defies logic and reason. Other than CTIX, OPK, and PFE, my only other holding in the sector is BRLX, an interesting little Israeli biotech development company with around a $1 a share in cash selling for aprox. $1.30 a share. They have a collaboration with Novartis whereby Novartis can develop up to three of their compounds in the coming days. Should pop nicely when Novartis makes its move.
I agree totally. Prospects are very good, and the market seems to be discounting this at the present time. Big jump could happen in short order.
Rays, let me make it perfectly clear to you since you are such a SIMPLETON! ISIS killed innocent civilians and they deserve to pay the ultimate price for it. Even a dullard like you should be able to understand it. Probably not! :)
Basically said this guy is either ignorant of global economics or he wants to replay The Great Depression. Herbert Hoover seems to be his role model. When will the Republicans get tired of amateur hour. Well, as I see it, at least Donald is right in his assessment of Carson!
France has declared war on ISIS/ISIL, and they intend to pound the hello out of them. Good for them. The sooner the whole world recognizes these extremists for what they are, the sooner we can snuff them out.
Rays, he used a Syrian passport to get in and he went through Greece. It is not known if the passport is a forgery or real. The refugees who are fleeing the Middle East are not bringing passports. This guy would have got in whether there were refugees or not. As usual you posts are filled with half truths at best.
Just out that Christie reportedly refuses to release emails between him and his closest advisors and accused Bridgegate perpertrators David Wildstein and Bill Baroni. These emails were exchanged while the bridge lanes were closed for political payback and retribution. Interesting how Christie criticizes Hillary, yet he blatantly refuses to release emails that could have a direct impact on the commission of a crime. Like I said a few times before, if Christie ever got the nomination, he would be a total disaster because he has been such a terrible governor in NJ, and he may yet be implicated in the coming Bridgegate trial.
I have relatives who live in Vermont, and they love the guy. He is transparent and cares for the common man.