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Biotech / Medical : Biotech Short Candidates

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To: tuck who wrote (709)10/29/2004 3:59:49 PM
From: tuck   of 897
 
Glaxo is apparently going to enter the flu vaccine market next year, which won't help Chiron. Other vaccines are growing pretty slowly, except for the travel vaccines. And isn't betaseron coming off patent in a couple of years? But blood testing and other drugs seem to be growing steadily, if not mightily. They all pale in comparison to the influenza vaccine revenue being lost. Since Chiron has gotten a bad whacking, some have said it looks cheap. I'd argue that current valuation is middling at best. Mid twenties might be cheap enough.

Cheers, Tuck
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