- Over the past couple of years, Bellicum Pharmaceuticals has made several changes that have streamlined their pipeline and their OpEx. Consequently, I have had to adjust my thesis and expectations.
- Bellicum was only a few quarters away from being a commercial company and collecting revenue. Now, the company is back to proof-of-concept and Phase I trials.
- Previously, I "played chess" with BLCM in order squeeze out some profitable trades and obtain a good risk-reward cost average. Now, I am looking to simplify and play checkers.
For further details see:
Bellicum Pharmaceuticals: Narrowing The Thesis And Simplifying The Investment