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Biotech / Medical : Biotech Valuation

CRSP 57.58

+0.9%

Dec 10 3:59 PM EST

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To: Madharry who wrote (9290)	10/10/2003 8:56:47 AM
From: Biomaven	Read Replies (1) of 52153

<GENR> Well I actually bought a very small position when the results of their trial were released. One data point is that PFE paid big bucks to Eyetech for Macugen ($100m upfront and up to $500m biobucks). The squalamine results were very strong, assuming one can believe them, that is. And if the drug works for macular degeneration it might also work in other anti-angiogenesis applications - I guess the hope is that it has wider coverage than the pure anti-VEGF drugs. The concerns are obvious - Mexican trials and no cash. But as a small part of a basket of other stocks it may be worth a flier. Peter

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