Myriad Pharmaceuticals Inc (NASDAQ:MYRX)

CAPS Rating: 4 out of 5


Player Avatar TMFDeej (99.24) Submitted: 6/11/2010 4:40:22 PM : Outperform Start Price: $3.93 MYRX Score: -56.58

Myriad is an interesting situation. I'm far from being a biotech guru, but here was have a company that has around $155 million in cash on the books yet a market cap of only $98 million.Yes, they are burning cash, but it's also possible that a miracle happens and one of its drugs actually works or they find a partner. I've seen enough buyouts in this industry at crazy premiums to believe that it a distinct possibility.Deej

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