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Biotech / Medical : Agouron Pharmaceuticals (AGPH)

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To: Steve Fancy who wrote (4472)6/12/1998 12:13:00 PM
From: Steve Fancy   of 6136
 
RESEARCH ALERT - Agouron (NASDAQ:AGPH) raised to buy

Reuters, Friday, June 12, 1998 at 12:06

NEW YORK, June 12 (Reuters) - BT Alex. Brown analysts Kevin
Tang and Patrick Cheng raised their rating for Agouron
Pharmaceuticals Inc. Friday to buy from market perform.
-- In a report, they said a deal between Agouron and Immune
Response Corp. (NASDAQ:IMNR) would help Agouron. The agreement calls
for collaboration on developing and commercializing Remune,
Immune Response's drug for HIV infection.
-- "We believe that Agouron negotiated a deal that
represents a good risk/reward profile for its shareholders."
-- They set a new 12-month price target of $48 for the
stock. Agouron was up 3/16 to 33-15/16 and Immune Response fell
8/16 to 13-3/16.

Copyright 1998, Reuters News Service

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