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Biotech / Medical : Microcide Pharmaceuticals (MCDE)
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To: scaram(o)uche who wrote (58)5/23/1997 8:13:00 PM
From: Czechsinthemail   of 186
 
Rick,

I think this company looks great, but one area of concern is that apparently they lost about half their institutional ownership during the first quarter. Institutional ownership declined from 1.11 million shares at the end of December to 0.57 million shares at the end of March. That drops the percentage of shares held by institutions to about 5%, which is pretty light (average for small biotech companies is more like 30%). Any information about who sold or what may have triggered their unloading shares.
Thanks,

Baird
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