Bay Area Biotech
Life Sciences

Mirati Therapeutics: Investing In A Piece Of The Precision Medicine Pie

By Evangelos Pazarentzos, Ph.D., Merce Padro, Ph.D., Joan Zape, Srijib Goswami, and Gorjan Hrustanovic

Mirati Therapeutics (NASDAQ:MRTX) is a development-stage biotechnology company focusing on the development of targeted small-molecule inhibitors for the treatment of solid and hematological cancers. As of December 2013, Mirati had 62.1M cash and is burning ~$11.2M/qtr. As of writing, Mirati is valued at $218M with shares trading at $16.35.

Mirati began trading on NASDAQ in June 2013 after its reincorporation and restructuring from Methylgene, and has since been largely out of the radar of many retail biotech investors. This likely due to Methylgene's previous clinical failures, most famously with the anti-fungal program MGCD290. Since then, Methylgene (now Mirati) has completely reshuffled and revitalized its...

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