Aurora Biosciences (ABSC) Message Board

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Biotech / Medical : Aurora Biosciences (ABSC)

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To: carl w. trygstad who wrote (36)	10/23/1997 3:16:00 PM
From: Biomaven	Read Replies (2) of 359

I'm taking a look at this stock, but have no position as yet. Can anybody comment on how its technology compares with IGEN's? IGEN just won a screening contract with Agouron: biz.yahoo.com My big concern with ABSC is that it looks to me like there's a big overhang of around 10m shares that hasn't been released from a 180 day lockup (after the IPO) yet. I generally tend to avoid stocks with a big overhang until a few months after the lockup is over. My suspicion is that there can sometimes even be pressure _ahead_ of the lockup release if the underwriters know (or strongly suspect) there are going to be substantial sales when the lockup ends. Peter

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