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Biotech / Medical : Biotech Valuation
CRSP 56.61+5.2%Nov 6 3:59 PM EST

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To: JOEBT1 who wrote (283)7/13/1999 5:09:00 PM
From: Biomaven  Read Replies (2) of 52153
 
Very nice day for the biotechs amid a weak overall market. AMGN was a big driver, and I believe the Genentech roadshow was due around now as well. Very interesting that IMNX actually ended up 3 for the day despite news of the competition from AMGN. Strong moves by some of the stocks I own (AVIR, VPHM, MLNM, SUPG, IMCL) as well as some of the stocks I wish I owned (like AFFX, MEDI and TKTX). Strength wasn't uniform by any means (MOGN down after recent gains on no news, VGIN very weak), but all-in-all an encouraging day after a good month.

Peter
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