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Biotech / Medical : Immunex

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To: Howard Henick who wrote (4)8/30/1996 11:47:00 PM
From: Khris Vogel   of 656
 
Dead as far as I'm concerned, Howard. Got out just last week - not just because it's been down (obviously, it was/is), but because I just didn't see this going anywhere. AHP's 'revenue guarantee' is nearing its end, and IMNX doesn't appear to be getting any closer to having a revenue-generator in the pipeline than they were last year. They do have a drug for treatment of advanced prostate cancer that's going thru later-stage clinicals and FDA panel review, but I'm not betting the farm on it. Life's too short, and there's better reward v. risk drug stocks out there in my opinion.
Good luck. Now that I'm out, I bet it will hit a homer!
Khris
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