This post is part 4 in my series on busted biotechs.
You overlook the guaranteed nature of the free money payoff for those feeding at the PIPE trough.
I heard a stat recently that half the cash held in biotech names is held by companies trading at a negative EV (about $30B).
You overlook the guaranteed nature of the free money payoff for those feeding at the PIPE trough.
I heard a stat recently that half the cash held in biotech names is held by companies trading at a negative EV (about $30B).