Don't forget that LANI is fully funded... BTA are getting a free ride for this program. HRV does require a spend but good results should see a licence deal.
Looking forward to 2009, it's a big year for Biota. Upside from here is massive... they are simply not going bust... but they are priced as if they had no pipeline. HAHA.
what is bta cash backing, page-3
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