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Biotech / Medical : Aurora Biosciences (ABSC)

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To: biowa who wrote (237)12/16/1999 8:13:00 PM
From: Larry Liebman  Read Replies (1) of 359
 
5 year deal with Wyeth for ion channel research announced today...following a similar Glaxo release yesterday. Added more at $11 1/2- dawdled at 10 7/8, missing the opportunity. Market cap of $200 million+. Would do some DD by visiting website. ABSC reminds me of MLNM in the sheer volume of agreements with big pharma...except, it appears it will be in the black this year. In addition, release by company has their proprietary UHTSS unit operating early in first quarter '00, with ABSC comment it will increase their internal screening capacity by a factor of 10. Am I missing something with stock at $11 7/8?
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