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Biotech / Medical : Biotech Valuation
CRSP 53.50-1.3%Jan 16 3:59 PM EST
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To: tom r. phillips who wrote (7348)11/18/2002 11:19:28 AM
From: Biomaven  Read Replies (1) of 52153
 
Well any trial that shows a statistically significant mortality benefit isn't a failure in my book, no matter what the headlines might say, and also the stock was trading well below cash so wasn't what one might call expensive.

The mortality benefit fits with the news that C-reactive protein levels are a much better predictor of mortality from heart disease than are cholesterol levels. In other trials the ALXN drug reduced CRP levels markedly - we don't know if that was the case here or not.

I own a smallish position.

Peter
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