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Biotech / Medical : Biotech Valuation
CRSP 57.05-0.6%Dec 9 3:59 PM EST
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To: AurumRabosa who wrote (911)4/4/2000 11:12:00 PM
From: RCMac   of 52153
 
The $100 billion valuation for biotechs in the aggregate is way out of date. Although Cynthia Robbins-Roth's piece is in the current Forbes, it clearly was written, or at least finalized, last fall sometime - for one example, the quoted performance numbers are through 6/30/99.

For a more current valuation, see Peter Suzman's post 538 of January 23 on this thread: Message 12651676

Even this valuation -- $390 billion - was before the real biotech levitation of February and early March, only a fraction of which has been given back; and before the great flood of new biotech financings after January 23 (many documented by Nigel Bates, Rick Harmon and others on SI, mostly on the Biotechnology Value Fund thread: Subject 19115 ) which has tremendously added to stock values in the sector.

-- RCM
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