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Biotech / Medical : Biotech Valuation

CRSP 55.11

-2.6%

Nov 7 9:30 AM EST

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To: Doc Bones who wrote (6951)	8/21/2002 8:30:36 PM
From: Doc Bones	Read Replies (1) of 52153

Adam Feuerstein, unlike most writers, does answer his e-mail in my experience. In an earlier exchange I failed to change his mind on the value of VPHM's cash. The market has backed him on that [so far ;-) ], and has backed him all too spectacularly on his negative attitude toward biotech stocks in general, which I've criticized in the past. Here is our second correspondence: Adam, Congrats on being right very early on Iressa. Editing slips: "If you're keeping score at home, not a single drug in the EGF-inhibitor class has yet to post positive results in a controlled, phase III clinical trial" "has yet posted" not "has yet to post" (or "...drugs in the EGF-inhibitor class have yet to post a single positive result...."?) ----- "Bank of America" not "Banc of America" Regards, [Doc Bones] ************************** thanks [doc]. as for the grammar questions, i'll spot you "has yet posted" but banc of america is correct... the "c" in "banc" is a legal requirement to differentiate the investment bank from the retail bank... adam ---------------------------------------------------------- Adam Feuerstein Senior Writer TheStreet.com 415 733-8324

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