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Biotech / Medical : Biotech Valuation

CRSP 55.26

+1.2%

Nov 11 3:59 PM EST

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To: Biomaven who wrote (3257)	3/31/2001 9:23:44 AM
From: NeuroInvestment	Read Replies (1) of 52153

While (not surprisingly) I agree with the premise that better biotech companies are currently undervalued, I would have been more reassured about the Jubak '10 best' picks had his information regarding NPS, which I do follow, been more accurate. I emailed him a comment regarding some misstatements and/or omissions: "1) NPS was not "formed" as a result of the Allelix merger. NPS was formed in 1986. The Allelix 'merger' was in fact an acquisition, Allelix now is a subsidiary, NPS Allelix . 2) The ALX-111 osteoporosis program (which came from Allelix) has in fact entered Phase III, now enrolling an 1800 pt trial which will enroll this year, dosing for 18 mos. 3) The hyperparathyroidism drug will enter Phase III (run by Amgen) mid-year, and should be completed mid-2002." Harry Tracy NeuroInvestment (www.neuroinvestment.com)

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