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Re: The whole situation with Sanofi is very strange
After they got the type one approval from the EU, I thought type two success was a reasonable assumption. Goofy. This is an interesting situation. Not often you see a small company develop two approved products and still fall on such hard luck financially. At $1.60/share the total market cap is $170 million. I think they have about $100 million in cash and liquid investments. Granted, absent milestones from Sanofi going forward, cash burn is a big problem. We'll see.