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Biotech / Medical : Agouron Pharmaceuticals (AGPH)

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To: Izzy who wrote (2451)10/22/1997 1:36:00 AM
From: JOHN W.   of 6136
 
<does anyone know what the estimated European sales will be?>

L. Moss addressed Europe today:

Subject: Re: Viracept revenues now exceed Merck's Crixivan's in U.S. market
Date: Tue, Oct 21, 1997 15:41 EDT
From: LMoss
Message-id: <19971021194100.PAA06282@ladder01.news.aol.com>

I think that the European approval process has moved beyond the CPMP, which I suspect did what it had to do at its previous meeting.

The most likely reason for the move upward in stock price, in my opinion, is simply that AGPH is an extremely undervalued stock. My estimate of current intrinsic value is $148/share. (For readers with eagle eyes, this is not a typographical error. My previous estimate of $147/share was based on a slighly longer discount period. The current value will increase about $1/week as the discount rate is applied to a shorter period.)

LMoss

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