CYT, IMO, could be a good biotech shares to buy. However, IMO, it has two weakness:
(1) CEO, Andrew, knows finance more than science, and may not be able to guide the company into a better shape it could be;
(2) Cash position is low and this is the reason why they try to get the cash box like Progen.
However, CYT does have a good point which its Chairman is quite rich to support this company.