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Biotech / Medical : Biogen
BIIB 155.51-0.8%Nov 7 9:30 AM EST

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To: P.M.Freedman who wrote (1001)6/9/1999 7:54:00 PM
From: Biomaven  Read Replies (1) of 1686
 
Those repurchased BGEN shares were still able to be accounted as Biogen's cash holdings

A company's own repurchased stock is not an asset (like stock in other companies), and will never be shown as part of their "cash holdings."

As for whether Avonex has saturated the market, the following NY Times article is very much on point:

nytimes.com

June 8, 1999

Experts Ask Why So Few Take Drugs for M.S.

By DENISE GRADY
our months ago, Valerie Millerick finally made a decision that she had been putting off for years: She began taking weekly injections of a drug called Avonex, to treat multiple sclerosis. ...


Peter
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