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Biotech / Medical : Biotech for less than cash value
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Lance Bredvold
To: JamesK who wrote (679)10/29/2023 6:01:50 PM
From: A.J. Mullen1 Recommendation  Read Replies (1) of 683
 
Fate is interesting. I was tempted before the sell-off. It’s working on exciting stuff – off-the-shelf immunotherapies. At the beginning of the year, it chose to end rather than revise a collaboration with J&J which resulted in a termination fee to Fate of over $50m. They also announced a 50% reduction in headcount. It said it aimed to have a runway through 2025. Its cash is now approximately twice its current free-cash flow (including the termination fee).

Ashley
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