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Biotech / Medical : XOMA. Bull or Bear?

XOMA 30.25

-2.9%

2:54 PM EST

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To: Robert S. who wrote (7770)	11/19/1998 10:37:00 PM
From: Tharos	of 17367

>>Regardless of the "proof of concept" thesis, Wall Street does not get excited about therapeutic treatments that target small markets.<< Better said, "Regardless of the 'proof of concept' thesis, Wall Street does not get excited about therapeutic treatments that it perceives to target small markets." Viagra would be an excellent example of valuation re perception, but then Pfizer followed up on a secondary indication and built clinical trials targeted specifically at one indication, which is the sign of bad clinical practice according to your previous posts. >>Comparing the internet stocks with the biotech sector is ludicrous.<< Why?

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