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Biotech / Medical
Plant Genomics Companies - Paradigm (PDGM) Agritope (AGTO)
An SI Board Since July 2000
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Emcee:  westes Type:  Moderated
Has anyone done research on the plant genomics companies, such as Paradigm Genetics (PDGM)? I have invested in a similar company that has about 1/15th the market capitalization named Agritope (AGTO). PDGM is over 450M market cap, with a H&Q's biotech analyst Robert Olan recently publishing the remark:

"They determine the functions of specific genes on model organisms that are applicable in non-human applications," Olan said in an article posted on CNBC.com. "This is a new angle that sets Paradigm apart from other companies, and it’ll prove beneficial soon enough."

AGTO has a similar profile, with several important patents already issued, a research relationship through a 50% owned subsidiary with huge French pharmaceutical giant AVE, and a recently announced agricultural gene discovery product. Yet AGTO, even after its recent runup, has a market under 30M!!

Can someone explain to me why AGTO is so undervalued against its closest competitor, even acknowledging that AGTO began as a pure research company and not a VC-financed startup? I'm inclined to think that AGTO deserves a valuation of at least 100M (which is still only 1/4 of Paradigm's!), which is easily three times its current valuation. It is also quite clearly an acquisition target and bargain of the century for a bigger player who wants a footprint in the plant genomics area.

Any opinions are appreciated.
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10Hi, Nigel, I hadn't noticed this thread, and started a PDGM thread. About tuck-5/9/2001
9RESEARCH TRIANGLE PARK, N.C., May 2 /PRNewswire/ -- Paradigm Genetics, Inc. (Nasnigel bates-5/2/2001
8Paradigm Genetics' TAG-KO(TM) Technology for Gene Discovery and Gene Functionigel bates-4/10/2001
7March 6 /PRNewswire/ -- Paradigm Genetics, Inc. (Nasdaq: PDGM - news), a functionigel bates-3/6/2001
6Sept. 14, 2000--Agritope, Inc. (Nasdaq:AGTO - news), which recently announced annigel bates-9/14/2000
5Portland, Ore.--Aug. 14, 2000--Agritope, Inc. (Nasdaq:AGTO) today reported that nigel bates-9/4/2000
4July 6, 2000--Agritope, Inc. (Nasdaq:AGTO - news) today announced that it has sunigel bates-7/7/2000
3June 29, 2000--Agritope, Inc. (Nasdaq:AGTO - news) today announced the issuance nigel bates-7/7/2000
2June 12, 2000--Today, Agrinomics LLC announced highlights of a recent presentatinigel bates-7/7/2000
1AGTO could be worth a second look. I noticed your post on the Genomics thread, &nigel bates-7/7/2000
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