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Biotech / Medical : MEDX ... anybody following?

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To: David W. Tucker who wrote (520)8/10/2000 12:14:48 PM
From: Exacctnt  Read Replies (2) of 2240
 
MEDX Q2 loss misses views

Medarex (MEDX: news, msgs) is sinking 15 1/4, or 16.6 percent, to 76 3/4. The Princeton, N.J., biopharmaceutical firm reported a second-quarter loss of $5.6 million, or 16 cents a share, wider than last year's loss of $4.4 million, or 14 cents a share. These results, which included $5 million license payment to Eos Biotechnology, missed the average loss estimate of analysts polled by First Call by 4 cents. Sales fell in the latest three months to $58,000 from $443,000 in the same period a year earlier.


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