Posted On: 12/27/2015 10:56:04 AM
Post# of 72440
Re: takingabath #16950
Great article, thanks. So much in this sounds just like the CTIX story, like the company buying its eventual blockbuster drug for only a few million bucks, the CEO saving the company with his own money, etc.
Here's where CTIX is different -- what was true for PCYC is NOT true for CTIX which has three promising drugs in its pipeline, for 4 different applications (so far).
PCYC:
It was so fortunate that their cheap-purchase drug worked -- otherwise it would have been just another failed small biotech. Instead, their junk-heap purchase is saving lives and made fortunes.
Here's where CTIX is different -- what was true for PCYC is NOT true for CTIX which has three promising drugs in its pipeline, for 4 different applications (so far).
PCYC:
Quote:
Like many small biotech companies, it had staked all its hopes and resources on this one product.
It was so fortunate that their cheap-purchase drug worked -- otherwise it would have been just another failed small biotech. Instead, their junk-heap purchase is saving lives and made fortunes.
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