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Biotech / Medical : Agouron Pharmaceuticals (AGPH)

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To: Zirdu who wrote (870)6/27/1997 5:03:00 PM
From: Biomaven   of 6136
 
This is an interesting post from RRaney, but it overlooks one of DavidS' strong points - namely that we don't know what the "half-life" of Viracept is going to be. It's one thing to have a billion dollar drug that has ten years of life ahead of it, it's quite another to have one with just a few years life. So will Viracept still be an important drug five years from now? Ten years from now?

What this means is that you have to be very careful in assuming that Agouron is going to get a similar market cap. / sales ratio to Amgen.

Personally, I sold my (small) stake in Agouron a few days ago around
$90, to add to my SEPR holdings, but would buy it back on any further weakness.

Peter
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