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Biotech / Medical : Magainin Pharm (MAGN)
MAGN 8.890+2.2%Nov 7 9:30 AM EST

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To: Kevin Stull who wrote (54)5/27/1997 10:59:00 PM
From: Shlepper   of 233
 
Kevin,

Thread's a little quiet lately. I'm also curious what Mike had regarding news on magainin coming out shortly. It may be that some news comes out to bolster the prospects, but if you are interested in a long term investment, then you should pick up more at lower levels, and hold tight for a year or 2. If you are looking for the quick ride, it may bounce around a little over the next 4 months as the news of the NDA makes it's way through the market. I think that it'll be in the 12 - 14 range by the end of the summer, and around 20 in a year. If things don't go the way they should with the NDA, then it's back to square one, and another long wait while their newer drugs work their way up - but then the financing becomes an issue. I've been buying Magainin for over 5 years and am still confident that it'll make it.

Shep
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