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Biotech / Medical : Biota

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To: A.J. Mullen who wrote (12)11/5/1997 10:22:00 PM
From: Craig McNeill   of 46
 
Gilead certainly appears to have a brighter future based upon
pipleline. I looked more into BTA today, and quite honestly, while I
like the stock at these levels I'm not inclined to purchase because
the ADR market is too thin. My broker (Lehman) couldn't even
identify the market makers...Bloomberg didn't have any listed either.
While I could buy the A$ listed stock, it was going to be expensive
and difficult to track. Until there is more liquidity, I'll track BTA
but will not purchase.
I agree with you point on over-extending themselves too. They should
focus on several therapies/diseases and bring them to market. For
such a small company they seem to be spread, IMHO, a little too thin.
But then again, I'm not technical either, and perhaps there are
synergies between some of the research & products. Good luck. cm
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