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Biotech / Medical : Agouron Pharmaceuticals (AGPH)
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To: billkirn who wrote (3196)12/7/1997 9:12:00 PM
From: JOHN W.   of 6136
 
Subject: Re: VX-478 could be on the mkt by early 99.
Date: Sun, Dec 7, 1997 18:29 EST
From: RHerman777
Message-id: <19971207232900.SAA28284@ladder01.news.aol.com>

IMHO people who invest in biotech should realize that few of the drugs dreamed up ever make it to production. Look at Chiron, great scientists and many recent disappointments with plenty of funding. They have suffered for the past two years while the market flew. Was this bad for agph, sure, they lose some momentum and must fund on their own. What's important is the quality of the scientists, the pipeline of other potential products and current
earnings.

As far as I can tell, companies like GILD have nothing in comparison with the sales of agph and their price it in the thirties. Viracept is a winner and that is pretty much a given. The company proved they can deliver as they got viracept approved in record time. (not a partial submittal to the fda and a lot of crying about how unfair the system is).

Can the stock go lower, who knows? Soros makes mistakes and also successes. AGPH has great sales and the product works. They have a good pipeline with good scientists to push further drugs along. The shorts got their chance and if greedy may just pay back their gains. If I had to bet (and i'm long here) I would say at this level there is more upside than down and people of the long persuasion may have to be a bit patient, but it will pay off.

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