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Biotech / Medical : Millennium Pharmaceuticals, Inc. (MLNM)
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To: squetch who wrote (50)9/29/1997 5:15:00 PM
From: biowa   of 3044
 
squetch and MPB,

>>His intellect was revealing in its naivete<<

My intellect is revealing in its nudity.

Back on thread. This, as the market has recognized, is a great deal for MLNM. Don't be surprised to see similar expansion/extensions over the next several months. Several persons at the company have related that the original alliances were written a lot narrower than many believe, leaving plenty of room even in areas that seem to be partnered for additional deals. I've gotten the feeling that MLNM has been pausing to gather itself (they've grown nearly three-fold in head count since the end of 1996).

Also, don't be surprised if another analyst picks up coverage soon.

BTW, whoever it was that asked a couple of weeks ago whether they should swap INCY for MLNM...in hindsight, yes <g> Sorry, Rman, not a jab at INCY, its just hard to match these kind of percentage gains from $80/shr (perhaps getting close to an INCY split?)

biowa
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