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Biotech / Medical : Biotech Valuation

CRSP 55.08

-2.9%

Dec 26 9:30 AM EST

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To: Icebrg who wrote (8743)	6/23/2003 9:49:54 AM
From: Biomaven	Read Replies (2) of 52153

Well R&D at BGEN has been something of a disappointment - seems to me they have never quite recovered from the CD40L failure. Aside from Antegren, I'm not sure there's much there - but I don't follow them that closely, and so I am open to correction. Mostly my impression is one of passivity - they have plenty of resources, but seemingly never had the get-up-and-go to do anything with them. (Any company of that size and up with even a modicum of business sense should have gone out and gobbled SEPR when it was out there with the stock under $5, for example). I've owned BGEN never in size) a few times, invariably with exquisitely bad timing. Peter

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