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Biotech / Medical : Agouron Pharmaceuticals (AGPH)

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To: Pete Holm who wrote (685)5/3/1997 9:12:00 PM
From: Lee Warzala   of 6136
 
Mr. Harmon pointed out to me the 2.2 multiplier for inventory versus sales. Then Agouron went to market with $105 million in salable inventory. Coming from the pharmaceutical industry, at least my company tries to keep a five month supply. This translates into Agouron projecting that they will do $360 million in sales. Any explanation why this number is much higher than yours?
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