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Biotech / Medical : Aronex Pharma (ARNX)

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To: Tara Cobble who wrote (32)6/19/1997 7:06:00 PM
From: R Tapp   of 320
 
Hi Tara:

I'm adding ARNX shares to my buy list and will be recommending these shares to my clients tomorrow. As of the close today, these shares are down over 62% since 9/9/96 and are now trading at 1.4 times book. The company appears to have good fundamentals, prudent strategic alliances, and 4 exciting products in various stages of FDA testing with more in the pipeline.

I see very little downside here and tremendous upside for investors with a bit of patience.

Regards,

RTapp
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