Nice find, Darwinian. "Pharma is a furnace that constantly needs drug candidates to replace failed projects and expired patents, and baby biotechs are the coal."

I found the graph on how much Big Pharma has reduced R&D spending to be shocking. They really HAVE changed their business model from doing the research themselves, to letting small companies (and their shareholders) take the risk, and then making deals for successful drugs.

This should be encouraging to all real CTIX shareholders. I just hope that no one has been scared into selling by the FUDsters who are desperate to cover their short positions.