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Considering Pharmacyclics business, should they raise enough funds to fund all of the stages of drug development, or just enough to fund the first stage,
Considering Pharmacyclics business, should they raise enough funds to fund all of the stages of drug development, or just enough to fund the first stage, and then make another offering when they get to the next stage? What are the advantages and disadvantages of doing either from the company's perspective? How about from investor's perspective?
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