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According to their presentation at the JP Morgan Healthcare Conference today, Helicos is ready to launch nearly nine instruments, for which they have no orders for. Please read the full report over at Genome Web: http://www.genomeweb.com/issues/news/144376-1.html
I have a couple things to say here...the first of which is I am intrigued by the 40% jump in HLCS stock starting yesterday afternoon, on absolutely no news, other than the the DOW in general rallied in the afternoon. Looks like the news of this "launch is still a go" announcement leaked out something fierce.
Also, I'm still waiting for a publication or any in depth treatment on how the Heliscope chemistry works. Compared to the pre-launch environment of the SOLiD system, Helicos has publicized virtually nothing about the chemistry, even in broad strokes.
It's a bit disturbing that they are ready to launch the instrument but haven't published any data nor identified any pre-launch instrument placements.
Their recent announcement of a $20M loan from GE leaves me wondering if they are close to death....if their cash burn rate was ~$10 million in Q3-2007, I would expect it to be significantly higher than that for Q4-2007 and Q1-2008. Meaning that $20M ain't going to last that long.
But if I'm mistaken on any of these points, I would be glad to hear it (*hint*...register and post!
)
I have a couple things to say here...the first of which is I am intrigued by the 40% jump in HLCS stock starting yesterday afternoon, on absolutely no news, other than the the DOW in general rallied in the afternoon. Looks like the news of this "launch is still a go" announcement leaked out something fierce.
Also, I'm still waiting for a publication or any in depth treatment on how the Heliscope chemistry works. Compared to the pre-launch environment of the SOLiD system, Helicos has publicized virtually nothing about the chemistry, even in broad strokes.
It's a bit disturbing that they are ready to launch the instrument but haven't published any data nor identified any pre-launch instrument placements.
Their recent announcement of a $20M loan from GE leaves me wondering if they are close to death....if their cash burn rate was ~$10 million in Q3-2007, I would expect it to be significantly higher than that for Q4-2007 and Q1-2008. Meaning that $20M ain't going to last that long.
But if I'm mistaken on any of these points, I would be glad to hear it (*hint*...register and post!
)
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