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Biotech / Medical : Biotech Valuation
CRSP 56.45-2.7%Jan 8 3:59 PM EST

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To: Biomaven who wrote (6824)7/30/2002 3:03:27 PM
From: Czechsinthemail   of 52153
 
The likelihood of landing a position elsewhere with a more lucrative options package is certainly a possibility if Rubin decided to leave.

Hunkering down and cost-cutting in SEPR's R&D program would be a possibility if the company was urging him out.

As far as the stock price is concerned, it looks like a major overreaction. Perhaps it is a "perfect storm" effect: having the Rubin news appear on a day when the WSJ has an article raising fears about biotech financing coupled with selling momentum driven by a falling stock price.

To the extent that we've seen is largely a bear raid, the stock may rebound sharply on short-covering and bargain buying.
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