GREY:SBIYF - Post by User
Post by
Economistoon Dec 27, 2009 9:42am
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Post# 16619860
Why is it necessarily good news?
Why is it necessarily good news?
Theasset is now in the hands of pharmaceutical 
that will actively develop the compound with access to the financial means to do so," said James Szarko,
Chief Executive of SemBioSys. ..."
Surely Pfizer has more financial means to develop the compound than TMC. James Szarko's statement needs clarification.
I agree the news is important and very intriguing. But not sure it's necessarily good.
On the GAAP versus non-GAAP business, I confess i have no idea. GAAP mean 'generally accepted accounting principles' so what meaning non-GAAP numbers have is anybody's guess.
Happy hols...