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BioHealth InvestorBioHealth Investor (BHI) is a blog and journal focused on providing updated commentary and financial news from the biotech and medical technology industry. BHI's content is featured on Yahoo!Finance, Google Finance, TheStreet.com, SeekingAlpha.com and many other blogs and websites. BHI is also a proud member of The Business of Biotech Network, and the Investors Blog Network. |
Metabasis Therapeutics: Another Biopharma Microcap Implodes
Posted on 07/17/2007 13:30:14 | Link | Post Comment
by Douglas A. McIntyre
24/7 Wall St.
Metabasis Therapeutics (MBRX) is off 56% to $3 after its diabetes drug candidate CS-917 failed to significantly lower blood sugar in a mid-stage trial. The company has traded as high as $8.64 in the last year.
It is another example of the "one trick pony" microcap biopharma's that have nothing to offer but a one product trial. In the last quarter, the company lost over $9 million on revenue of $3.4 million.
Continue article at 247WallSt.com
24/7 Wall St. is a regular contributor to BioHealth Investor
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24/7 Wall St.
Metabasis Therapeutics (MBRX) is off 56% to $3 after its diabetes drug candidate CS-917 failed to significantly lower blood sugar in a mid-stage trial. The company has traded as high as $8.64 in the last year.It is another example of the "one trick pony" microcap biopharma's that have nothing to offer but a one product trial. In the last quarter, the company lost over $9 million on revenue of $3.4 million.
Continue article at 247WallSt.com
24/7 Wall St. is a regular contributor to BioHealth Investor
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