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Biotech / Medical : Agouron Pharmaceuticals (AGPH)

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To: billkirn who wrote (753)5/15/1997 11:08:00 PM
From: John Metcalf   of 6136
 
Bill, AGPH breached $74 on an intraday basis today. Is this your short covering signal, or are you looking for a close above $74?

Also, since you mentioned Roche, there are some events to watch:

1) European approvals have been filed. Roche will market in Europe, paying royalties. As I understand it, ROC.Z will pay royalties on its own Saquinivir, if sales exceed Viracept's. So European launch will be immediately accretive to earnings.

2) Roche just made a world-wide research arrangement with Alanex, which Agouron has acquired. They're approaching the point where not buying AGPH (or a substantial equity in it) will cost more than buying it.
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