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Biotech / Medical : Agouron Pharmaceuticals (AGPH)
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To: JOHN W. who wrote (3016)11/30/1997 3:06:00 AM
From: George T. Santamaria  Read Replies (1) of 6136
 
In a roundabout way, I think that your are saying that the financial press is either stupid or very corrupt. It is probably giving the editor of Barron's too much credit to accuse them of being corrupt. Their staff manages to write very slanted articles, I think, because they very naive. They quote various sources without even considering what their agenda is.

I am still baffled as to why so much money is IMO naively playing the short side of AGPH. Some of the possibilities that I see are:

1. Some short investors probably know patients who did not succeed in therapy with Viracept. They figure that it's just a big hoax.

2. There are a number of academic researchers out there who are trying to get aids research funded. Part of their agenda is to discredit PIs. They truly believe that PIs are worthless and they tell their friends, some who invest, that.

3. They figure that Viracept will have the same growth pattern as Crix did. i.e., AGPH will make good money for only a year or so from Viracept. Someone like Vertex may come up with a better potion.

4. HIV develops resistance to all PIs and it is only a matter of time before resistant strains will emerge. This possibility has been recognized since Phase II testing -- no news here.

It would be appreciated if others on this thread could add to this list.
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