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Biotech / Medical : Biotech Valuation
CRSP 61.12-2.3%Oct 30 3:59 PM EDT

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To: jayhawk969 who wrote (5207)12/22/2001 11:46:54 AM
From: scaram(o)uche   of 52153
 
Two large, successful companies that had weak near-term pipes, Amgen due to poor selection of targets and "invented here" syndrome, Immunex due to some bad luck. One simply can't use this merger as a yard stick for the leveraged, smaller companies.

The fact? While AMGN has come back 15% and IMNX is way off its recent highs, the companies have a combined market cap of $75 billion on the back of three products.

That's a 1000-bagger for many small cap biotechs.
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