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Biotech / Medical : Biotech Valuation
CRSP 52.51+2.7%Nov 14 9:30 AM EST

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To: RMP who wrote (7885)2/20/2003 10:25:43 AM
From: Biomaven  Read Replies (2) of 52153
 
Ron,

I didn't listen to CEPH's call. Anyone who did know the reason for the light next quarter prediction?

CEPH has consistently beaten its guidance, and my guess is that this is more like a blip than anything else.

The stock is certainly not going to be a ten-bagger from here, but I think it will do fine from over the next few years. Growing earnings and little regulatory risk. The major uncertainty for me is the strength of their patent position on Provigil.

Peter
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