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Biotech / Medical : Biotech Valuation

CRSP 50.73

-5.2%

Nov 19 3:59 PM EST

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To: tom pope who wrote (5315)	1/3/2002 8:20:58 PM
From: scaram(o)uche	Read Replies (2) of 52153

Tough to say. From my perspective, I feel that it's a huge over reaction. If you go through the indications thread for autoimmunity/chronic infection, you'll see that I thought that the crappy psoriasis results were better than I expected. That is, I expected flat out failure. For RA, I could never understand why it was being tested at all. BUT!!....... for diseases where the neutrophil component is pronounced, I like the concept. I therefore consider COPD and some cancer indications to be of interest. Been looking at this for a long time as a lousy application of the "ICOS business plan"..... get a biological and test it against every indication known to man. I'm therefore surprised at the after hours damage, as I doubt that too many analysts had success in RA built into the potential revenue stream.

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