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Biotech / Medical : Agenus (AGEN)
AGEN 17.70+13.5%Jul 16 4:00 PM EDT

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To: Kirk © who wrote (142)5/8/2024 12:43:23 AM
From: Area51  Read Replies (2) of 145
 
True. I think not a great deal for AGEN. One take I saw was that AGEN sold $400 million in future cash flows for $75 million. For a company with a marketcap of 250 million that is a pretty significant hit. And still they don't have near enough money to get them to cash flow breakeven right? Disappointing that that was the best they could do for raising some capital. Wainright analyst maintained a $40 price target after the deal, but Wainright is not that reliable in their price targets in my experience.
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