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Biotech / Medical : Guilford (GLFD) - Steadily Rising

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To: Czechsinthemail who wrote (96)9/14/1997 10:42:00 PM
From: NeuroInvestment   of 496
 
Two comments: 1) It is true that some profit-taking is to be expected given the runup. But when looking at sales by management, it should be kept in mind that during the Blech fiasco, when no reasonable financing was available, GLFD management kicked in their own funds to keep the company going. One cannot blame them for diversifying a bit.
2)The nearterm key event to watch for will be whether RPR picks up their option on the Taxol polymer delivery vehicle program, and at what terms. If they do not, GLFD can shop it around as of October 1. Given the RPR oncology focus, it would be surprising if they did not. NeuroInvestment
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