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Biotech / Medical : Millennium Pharmaceuticals, Inc. (MLNM)

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To: SemiBull who wrote (1531)5/14/2003 10:07:35 PM
From: scott_jiminez  Read Replies (1) of 3044
 
<<The company consumed $120 million of cash for the three months ended March 31, 2003.>>

Geez with that sort of largesse they are depending on squeezing every drop of profit out of Velcade (and Integrilin).

Always a highly risky proposition for new drugs.

S&P's hesitant and conservative approach appears to be completely appropriate, if not somewhat of a cautionary flag, in the wake of all the recent hype.
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