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Biotech / Medical : Millennium Pharmaceuticals, Inc. (MLNM)

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To: Mike K who wrote (926)2/13/2002 7:55:33 PM
From: SemiBull  Read Replies (1) of 3044
 
Human Genome Has Potential but Needs Products
thestreet.com

"...Jim Fiore, fund manager at the Greenwich, Conn.-based Life Sciences Group, believes that genomics companies, while currently out of favor, could actually outperform the broader sector this year. But he's staying away from HGS because the company is not keeping up with its peers.

Fiore points to Millennium Pharmaceuticals (MLNM:Nasdaq - news - commentary - research - analysis), which like HGS hasn't had much success with its genomics program. But the company has acquired two companies -- Leukosite and Cor Therapeutics -- to gain control of two approved drugs and other late-stage drug prospects.

"When I compare HGS to Millennium, their market values are roughly the same, but clearly Millennium is doing much more to fulfill its mission," he says. "HGS has a lot of early stage projects in its pipeline, but nobody cares." Fiore is long Millennium..."
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