Question: IPO Pricing in the previous question, would it affect your thinking to know that the company was incorporated less than four years earlier, had only

IPO Pricing in the previous question, would it affect your thinking to know that the company was incorporated less than four years earlier, had only $30 million in revenues for the first nine months of 2003, and had never earned a profit? Additionally, the company had only one product, Macugen, which had won fast-track status from the FDA, but still did not have approval to be sold.

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