Love the company. I'm just concerned that this "rock and a hard place" situation will be ongoing, and I'm therefore focused on asset plays or companies where burn is aimed at innovative, new targets and molecules that are in man. I'm just concerned when a good percentage of burn is aimed at screening for new targets, etc.
Love the company. If sentiment swings, it could be a market fave. I'm elsewhere, but I picked three terrible situations, back-to-back, in 2002.
A rather pleasant note...... doubling down in two of those three lousy picks would have resulted in a hunk of recent return.
>> I owned Sibia at the time of acquisition. I did not participate in DDDP. <<
Glad to hear about SIBI and the LEXG calls. Again, while I participated in DDDP, I did not profit from the position. I lost faith and didn't feel that it was wise to dig deep at or near lows. Congrats to those who did!!