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Biotech / Medical : Agouron Pharmaceuticals (AGPH)

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To: David S. who wrote (1912)9/29/1997 9:48:00 PM
From: Larry Liebman   of 6136
 
So, I called Agouron. To paraphrase the company response: "We are clueless as to why Montgomery downgraded Agouron, particularly in light of the extremely positive news presented today". It appears that most of the IR dept. was in Toronto and had not anticipated anything but support for the stock. I continue to hold a position in Agouron, having held for several years, selling pieces on the way up. I wonder when the investment community will respond to the claim that they intend to put 2 drugs into clinical trials per year for the forseeable future. Viracept is an important product, but the pipeline has always been the lure for me. I will call the company tomorrow to see if IR has more to contribute. For those unaccustomed to AGPH swings, take a look at the chart over 2 years.
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