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Biotech / Medical : Sepracor-Looks very promising

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To: Icebrg who wrote (7321)1/23/2004 9:39:21 AM
From: Biomaven  Read Replies (1) of 10280
 
>>By my quick count sepr has spent $1.1B in r&d since 1998 with no drug approvals.>>

Not too different than the industry estimate of $800m per drug if you assume that Estorra and the MDI get approved.

Despite the hiccups they have had, I don't see any other company in this MC range with near as promising a pipeline. If the cfc MDIs get taken off the market, then this stock is cheap based on Xopenex alone.

BTW, on S-oxy they said something like the program was still a "valuable asset." My guess is that they are looking at the sustained release characteristics - maybe they need tweaking some. Competition in this area is going to heat up - may not be enough to just beat Detrol any more.

Peter
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