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Biotech / Medical : Regeneron Pharmaceuticals

REGN 702.98

-3.1%

3:59 PM EST

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To: tnsaf who wrote (577)	10/12/2001 6:48:42 PM
From: Miljenko Zuanic	Read Replies (1) of 3559

<<TARRYTOWN, N.Y., Oct 12 (Reuters) - Regeneron Pharmaceuticals Inc. (NasdaqNM:REGN - news), which develops drugs to treat various medical conditions, said on Friday it privately sold $200 million of notes convertible into company stock, just hours after first announcing plans to sell $150 million.>> What is going on here??? WHY NOW????? This asks for very serious re-evaluation and immediate explanation from REGN. Miljenko PS: In last two years REGN have three finance with very BAD timing and very difficult market condition. Two times they did recover. This one is troubled one, for now.

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