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Strategies & Market Trends : Value Investing

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To: Bob Rudd who wrote (20773)3/16/2005 2:38:42 PM
From: Bob Rudd  Read Replies (1) of 78714
 
BIIB - SOLD 'You gotta know when to fold'em' Avonex is 2/3's of Biogen's current revenue. News just hit that it would get likely get a big ugly black box warning for liver damage. I was expecting Avonex to be helped somewhat...or at least be stable in the wake of the Tysabri disaster. I don't know what the fallout from this will be, but this is too much at risk to wait and find out. Amazing. This drug was on the market for 8 years with no negatives other than in combination with Tysabri...then suddenly the trap door opens and down it goes.
I feel sorry for MS patients who will be left in a lurch by this.
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