Any useful thoughts on Hansen Medical?
I have been looking at this as a potential (very long term) investment, but can't quite get a handle on it.
The health care industry is not one I have invested in, but with the "Health Care Reform" (at least in some form) coming down the pike, I thought it was time to take a look.
I am wary of the small pharma"s because of the voliatility, and the quick reversals in fortune they seem to experience. I thought perhaps medical technology might be a better area for my longer term investment horizon.
Hansen seems to have a good product (but very expensive), and their profits to date have been non-existent.
My question is to anyone who has some experience and expertise in this area.
Is it just a matter of time, or is it still a long shot to even survive?
They were about to run out of money due to high R&D and G&A expernses relative to sales, but they recently did a stock offering to bring in more operating cash.
Would appreciate any comments or suggestions.