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Biotech / Medical : Sepracor-Looks very promising

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To: billy d who wrote (1387)11/8/1998 9:36:00 PM
From: Ed Ajootian   of 10280
 
Billy,

I think there would be a delayed reaction to any news on Oxy getting by Phase II and even the intermediate-term effect would not be huge.
Biggest reason is that this is not an area of Sepracor's expertise and they do not have a way to market the drug and would need a partner. Speaking of which, I forgot who makes Ditopran. They obviously would be the logical choice.

Still, something pretty big must be in the offing to make this thing approach a $3 billion market cap. All we need is one more day like Friday and we're there!

Wondering at what point the latter convertible bond holders will start shorting against the box to lock in their profits. Their bonds are not callable for over 2 years but if they can lock in a sure double (ie SEPR stock price of $80) some of the more conservative ones may do it.
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