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Biotech / Medical : Aronex Pharma (ARNX)

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To: Tara Cobble who wrote (14)4/10/1997 1:58:00 AM
From: Lance P. Dykhoff   of 320
 
Tara

If the phase two trials come out promising, I don't see Genzyme giving up the rights, which means Aronex receives 3.0 million (2.0 million already received) plus royalties on sales.

I think you are right about the corrections, I can't think of anything else for the drop in price, I only hold Aronex in this sector. If you go to Quotes and get a quote for Aronex (check off detailed) look at the research option. Two brokerages are carrying Aronex as a strong buy. Which two would be interesting to find out. It will also show an industry ranking (Aronex is 7 out of 113)

I've got to hold since I got in right before the 1 for 2 split, my breakeven is $14.00, luckily I have a small position. At this price it's tempting to accumulate and bring my basis down a bit. I watching for now.

Regards
Lance
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