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Biotech / Medical : Biochem Pharma (BCHE)

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To: JDN who wrote (769)9/18/2000 9:02:38 PM
From: Spekulatius   of 783
 
I own some BCHE as a LT investment. The problem right now, is that analysts have lowered their earning estimates for Y2001, obviously due to weak AZT sales. Management has explained the decreasing AZT revenues with nonreoccurring order from Brasil but sales have been weak worldwide and Zeffix sales are too small to make much of a dent right now.
The big issue with BCHE (as with all other biotechs) is if their late stage pipeline comes through. IMHO, we need positive PhIII results from a drug candidate to move this stock.I still think that BCHE is a good LT investment at current prices but I do not see a large short term potential.
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