Jun 15th 2012 - Edison Investment Research today published a report on BioInvent entitled "Survival Of The Fittest". In summary, the report says:
The market has taken an irrational view of the failure of un-partnered TB-402 and the return of rights to TB-403. TB-402 accounted for only 4% of Edison’s future revenue estimate, while TB-403 contributed no value. The events focus BioInvent on to its two most valuable assets: BI-204 for atherosclerosis and BI-505 for multiple myeloma and possibly other cancers. Data on both products are due in Q3 and good indicative results on BI-204 could lead to a milestone, sale of ex-North America rights and Genentech/Roche making significant further investments.
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