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Biotech / Medical : Microcide Pharmaceuticals (MCDE)
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To: Pseudo Biologist who wrote (140)2/2/1998 12:52:00 AM
From: Larry Liebman   of 186
 
I bought in at $13, sold at $12 as biotechs withered. That being said, I like this company. When I spoke to a rep. they refused to hype MCDE. Trading at $9, it's at 2x book. Company is looking at beginning trials this year. The problem in this market is that it steadfastly refuses to recognize "technnology" as it has in the past- although, watching GERN may indicate that the will is still there. With the big pharma express in gear, I wonder if they will capitalize on their fortune by investing/picking-off biotechs.
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