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Biotech / Medical : Neurocrine Biosciences (NBIX)
NBIX 143.95-0.9%3:11 PM EST

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To: scaram(o)uche who wrote (374)12/24/1999 10:38:00 AM
From: Larry Liebman  Read Replies (1) of 1834
 
For what solace there my be...Consider if they had to raise cash in conditions approximating July. Let's see...Selling 2.3 million/sh at a 20% discount to $4.50/sh...How about $8 million+ for their efforts. I'm pleased they have more capital in the bank and will assume it will add to their bargaining position with big-pharma(and increasingly, big-biotech...AMGN, GNE, etc.).
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