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Biotech / Medical : ImmunoGen
IMGN 31.230.0%Feb 26 4:00 PM EST

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To: Sonny who wrote (3721)11/18/2000 12:16:45 PM
From: RJMC  Read Replies (2) of 5665
 
The latest MTSL Stock Letter changed Immunogen from a buy under $20 to a hold. Looks like they are finally reassessing where Immunogen should be. They had a brief discussion on the reports from the AACR meeting and talked about the secondary offering. There were two companies that MTSL placed as a hold. Immunogen and NPS Pharmaceuticals. NPS just finished with a secondary offering. Upon completion of the secondary offering the NPS stock went up over $7 a share! Don't doubt that Immunogen may do the same once the 4,000,000 shares and over allotments, if any, have been placed.

MTSL is waiting for the dust to settle before they initiate new buy recommendations on NPS and Immunogen.

Bob M.

P.S. If any of you are interested in subscribing to the MTSL stock letter, just contact them at www.bioinvest.com.
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