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Biotech / Medical : Biotech Valuation
CRSP 52.51+2.7%Nov 14 9:30 AM EST

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To: keokalani'nui who wrote (5393)1/10/2002 1:06:21 PM
From: Biomaven  Read Replies (1) of 52153
 
Wilder,

I've done well with VGIN in the past (I owned it starting back in 1999) but (fortunately) haven't owned it for quite a while.

I suspect they are currently in the post-approval doldrums that happens when the eagerly-awaited revenues don't match up to the dream. It's often a very good time to buy, particularly with a product that you think will do well in the long run but might be slow to catch on.

I do think that their product works and will be ever-more needed as more resistant strains spread and new drugs are developed. I have no idea what their margins are like, though - this was always a concern in their early years.

I haven't looked at them (and their phenotyping and genotyping competition) recently, but was intending to do so.

Peter
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