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Biotech / Medical : FDA THRESHOLD: LOWER-RISK BIOTECH INVESTING

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To: opalapril who wrote (21)10/6/1999 5:37:00 PM
From: Edscharp  Read Replies (1) of 75
 
Opal,

You said, "MLNM is too expensive for my taste rights now"

How does one objectively determine this? Part of my point in my previous post on Millenium is that they are a special case. Millenium is currently losing money so you can't figure price based on profit. What they have is a huge and growing proprietary interest in drug discoveries, databases, alliances and technology to make it all but certain that somewhere down the road they will be a successful company. Even if only a small percent of the potential drugs they've uncovered come to market they will do well.

It's difficult to determine which of the genomic companies will dominate the Pharmaceutical Industry a decade from now. What is certain is that Millenium will be one of the players.

The genomic companies of today will be providing the infrastructure for 90% of the drug discoveries a decade from now.

You want mitigated risk? Sell all your other biotechs and buy this one.
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