Rules for Biotech Investing

I stumbled onto the Motley Fool site today and they had a good write up on biotech investing. They generated pretty good set of rules for investing in biotech companies and they call it: The Commandments of Biotech Investing. Click here for the article. Still, I’m very reluctant in investing in any biotech company that is not generating a profit. The risks of failure are very high. I would wait until positive phase 3 data before speculating on the company.