Fly: To show us their potential,PYC has often referred to other companies with similar business models. The following is taken from PYCs Chairmans report in the 2010 annual report. .......... This business model is well established internationally, having been successfully used by companies such as Morphosys AG and Galapagos NV to rapidly accelerate annual revenue streams. For example, Galapagos, which was founded in 1999, generated revenue of Euro106 million in 2009 and has a leveraged position in multiple pharma-funded clinical programs which have the potential to earn billions of dollars. ...........
There's more references to these companies (showing market cap etc)in other media releases over the past 18mths. ST Cheers ST
PYC Price at posting:
6.5¢ Sentiment: None Disclosure: Held
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