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Playing With Fire – ARDM (OTC:ARDM)

Michael Vlaicu (July 8th, 2009) Writes:

Aradigm Corporation

(Public, OTC:ARDM)

Aradigm is a company with a lot of potential positive long-term gains, especially with regards to its product pipeline involving the inhaled Cipro product (ILCH) for BE and CF, however the short-term play is a very different story. This company lacks visibility and the ability to fully utilize press release syndication to maximize potential reach for investors, and also engages in massive dilution in order to maintain ongoing operations. Moreover, the financial position also suffers as the company is enduring a heavy amount of cash burn every year with zero revenues as of Q1 (Mar’09). There is also a big question mark when it comes to partnerships — who will step up to the plate and infuse the cash which is so badly sought after?

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Aradigm Corporation is a specialty pharmaceutical company focused

...

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