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Biotech / Medical : Biotech Valuation
CRSP 57.02-0.6%3:59 PM EST

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To: Biomaven who wrote (5753)2/26/2002 10:57:30 PM
From: Jibacoa   of 52153
 
<<today the biotechs were great.>>

Yes, the Biotechs did better than the market,but nothing too exciting.<g> ( I saw some livelier % gainers on other market sectors.<g>)

Except for GNSC (up 10.94%) and IMNR (up 13.48%) there weren't any other double digits % gainers.<g> Albeit MEDX (up 9.89%) SCIO (up 9.40%) and VICL (up 9.15%) were somewhat close.<g>

PHAR (up 11.27%) is not really a Biotech. The shares were up on low volume (14K) in spite of the report today of a wider loss and having received the last $500K payment from AZN. The gain was probably related to expectations of FDA clearance to market the ENOX test that they have developed with AVE to check anticoagulation with LOVENOX. The ELECT trial is supposed to be completed by mid-May and they expect to do 2.5 million tests per year, after FDA's approval.<g>

RAGL

Bernard
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