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Biotech / Medical : IPIC
IPIC 0.00010000.0%Dec 18 4:00 PM EST
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To: Todd D. Wiener who wrote (704)9/19/1997 3:05:00 PM
From: paul001   of 1359
 
Thanks. That's why I am a short term bear. If great news such as further approvals etc.. will not be forthcoming for a year or 2 I'd rather make a purchase down the road. Just seems like a high market cap to me compared to someother biotechs/pharms. Gilead for instance I think their cap was around 1 billion (now more in the past week due to a big runup); they seem more than three times an IPIC (progress and pipeline-wise). What are similar co.'s valuations?
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