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Strategies & Market Trends : Biotechnology Cancer Cures

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To: Mike McFarland who wrote (64)6/13/1999 2:48:00 PM
From: Dr. Bob  Read Replies (1) of 226
 
Mike,

You're welcome - I think GLFD and SANG are both great buys still. GLFD has a great deal with AMGN; SANG will be making money big time soon. Fears about government control of drug costs is keeping a lid on this sector for the time being, but when that gets resolved, big drug stocks will flourish, the small companies will be a little further down the road toward profitability, and some major deals will happen - IMO. The ones that will win will be those who have sufficient cash to weather the next two years while their drug candidates are getting approved. Those companies which will need to further dilute their stock at low prices will be in trouble.

Bob
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