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Biotech / Medical : AXYS Pharmaceuticals Inc.

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To: tonyt who wrote ()3/24/2000 9:26:00 PM
From: bob zagorin   of 455
 
Medical Technology Stock Letter ? Issue No. 391 4
AXPH will provide Atugen with gene targets that may possibly be useful in treating cancer, and
Atugen will apply their technology to identify the function of these gene targets and their possible usefulness as targets for
cancer therapeutics. No financial terms of this collaboration were disclosed. AXPH?s stock received a little boost yesterday,
despite giving back some of the gain, by an upgrade by an analyst at Robertson Stephens from ?buy? to ?strong buy.? The
upgrade was in response to the excessive sell-off in AXPH?s stock, which, in turn, was due to the overreaction to the much-publicized
?issues? surrounding genomics. We view this as a golden opportunity to purchase. AXPH is a buy under $15.
*reposted from yahood board.
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