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Biotech / Medical : Centocor ( CNTO )

CNTO 0.00001000

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Mar 7 3:00 PM EST

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To: Thean who wrote (106)	5/28/1997 4:33:00 PM
From: FNS	of 965

Thean Y., THANKS for the info link on Celltech. Not surprised that they could NOT pull off the septic shock drug -- Xoma, Chiron, CNTO, and others have tried and failed. Perhaps expertise from these biotech firms should form an alliance to come up with an effective drug...reinventing a square wheel doesn't make sense! I wonder if CNTO is tracking Celltech's Crohn's disease potential drug....? (Comments anyone???) Well, the stock took a shot at 36 1/2 but couldn't hold as I surmised. I think it will back fill in here, shaking out some sellers...Probably will need to test the 34 support level (and hold!!!) before moving through 36. We need a close around 36 1/2 to make a decisive move up to 38-40. NASDAQ may be getting tired in here and could use a little rest which may be healthy for all, Networking and Biotechs.... FNS

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