ENTREMED, INC. (NASDAQ:ENMD)
A clinical-stage pharmaceutical company focused on developing multi-mechanism oncology drugs that target disease cells directly and the blood vessels that nourish them.
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Biopharma Failure going back to 1998. Has never had any success.
http://www.cnbc.com/id/46300316
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Watch for thid in China
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Underperformed s&p since 1996 except for blip in 2000. Negative net income 2004-2007. Currently negative cash flow, ROE, ROA.
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They have several phase two cancer candidates. Approximately 25% of the shares are owned by Celgene. I suspect they will be taken out by a big pharma looking to improve their pipeline.
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This company can only go down from the information available. They are eating cash. This is coming off their second stock offering. It will be years until any of their medications ever hit the market. The bottom line is, this company wont be profitable for at least another 3 years, and I dont think it can stick it out without exhausting its cash supply.
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Antiangiogenisis is a credible approach to treating cancerous tumors and ENMD pipeline drugs are performing well in Phase II clinical trials.
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Just look at the income statement and cash flow.... this company is a cash-burning disaster, it is NOT worth $120m
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More to follow
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promising pipeline; finally a stream of revenue from Thalomid royalties; good management;
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Royalties about to kick in big-time. Several promising new drugs in the pipeline. Need for patience.
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As others say, a gamble with huge upside. But the small molecule research is promising and acquisition was a nice move. Keep close eye on it with stops.
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7.00 to 9.00
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worth a gamble at these prices
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Big Gamble - they may just have a drug better than Avistan. Time will tell.
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