To the biotech pros on this board: Is there a formula relating to share price
and cash on the balance sheet? For instance, lets say the first partnership announced resulted in $5.00 in cash per share being paid to IPIX. Is there a rule of thumb as to what IPIX shares should then trade at? This is my first rodeo in biotech and I am anxious to learn. Can anyone post others that are similar to our situation and what they are trading for? TIA to any that choose to share. Go IPIX!!!
and cash on the balance sheet? For instance, lets say the first partnership announced resulted in $5.00 in cash per share being paid to IPIX. Is there a rule of thumb as to what IPIX shares should then trade at? This is my first rodeo in biotech and I am anxious to learn. Can anyone post others that are similar to our situation and what they are trading for? TIA to any that choose to share. Go IPIX!!!
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