Buy back shares? Their pockets are empty. How would they buy back shares? Are you trying to catch a falling knife?
I'm looking to buy but 25% of float is short- which I can live with, but 116M debt on a new (2YO) biotech makes me hesitate. At the very least I see a secondary coming. Does anyone know how they acquired this debt in two years?
I am enthusiastic. SGEN close to breaking $50 and not yet making a profit. This company is loaded with potential and we are already rewarded. Now the best is yet to come...
Well, "around" 1/3 of readers did not identify the presence of CA. It doesn't sound like the test is that easy to interpret. Not sure I would sell on this news but it is an abstract that was written carefully to highlight the positive not the negative.
Rick, I will give you a thumb up because it takes my mind off this market for a minute, and I know it is what you desperately crave.... :)
NVS has purchased the Dendron plant to ramp this up and there is a competing group in Seattle. I understand this created quite a buzz at ASH.
This could be the future of cancer therapy. It's a very exciting field but keep in mind that the first gene therapy trials led to cancer in immunocompromised patients. It's path to success has many unknowns and it would be years before it can compete with SGEN if at all.
My guess is if there ever were a secondary, it would have a very positive spin to it.