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Biotech / Medical : VICL (Vical Labs)

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To: conor00 who wrote (1198)1/22/2000 8:26:00 PM
From: Scott H. Davis   of 1972
 
Fairly high after hrs trading for VICL. Looks like the interest continues. Really pleasantly surprised that the market took the dilution as a non-issue. Doing their three therapeutics unpartnered was a somewhat risky move, but if even 1 gets approval, looks like they made the rights move (asuming there would have been partner interest.) With this level of cash, there will be no opportunistic takeover.

While the YAHOO boards have some speculation on a takeover, I continue to find it very implausable given the number of partnerships that would have to be unwound. IMSCO Scott
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