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Biotech / Medical : Biotech Valuation
CRSP 55.28+5.3%Nov 17 3:59 PM EST

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To: scaram(o)uche who wrote (5895)3/15/2002 4:48:30 PM
From: HeyRainier  Read Replies (1) of 52153
 
Hi Rick,

I was wondering if you could elaborate on your earlier statement:

"...but I never have liked CRXA and probably never will..... science with blinders, IMO."

1. Why have you never liked CRXA?
2. What do you mean by 'science with blinders?'

They're local for us over here, so it naturally hit my radar this week. I spoke with the analyst Andrew Heyward today, who spoke recently with the CEO, and while he said that few catalysts were on the horizon with the Bexxar delay, at around 2x cash, it was fairly cheap and was an interesting candidate for best of breed as an earlier stage biotech. Quite a broad pipeline for a small company. It's quite unexpected to have Bexxar be rejected despite its good efficacy studies and attractive safety characteristics relative to Idec's Zevalin.

Appreciate any input you can provide.

Rainier
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