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Biotech / Medical : ARRIS - Another partner

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To: chirodoc who wrote (293)12/8/1997 8:47:00 PM
From: Miljenko Zuanic  Read Replies (1) of 353
 
To all:

In my layman view BVF L.P. is playing dirty games. Their short term interest on ARRS is at stake and their naive, false and non-professional explanation of the products pipeline risk/benefit value for both company (I am not talking about shares dilution in deal, but for Mr. Lampert only ARRS shares have value and SQNA do not or are very overvalued) only show their real position. To promote their position on ARRS regardless the deal.

Why they didn't reacted on the news before their cuts on ARRS (and SQNA) holding (together with some other MF which have position on ARRS and SQNA ) and show their intention to preserve both company shares value. Pretty nice manipulation. At least we have signal that their sell-off is done for now and, I hope, they will not have power to effluence vote results. At least, they will not my (ARRS and SQNA).

mz

BTW, did anyone make some effort to take a second look at APC-366 and possibility that ARRS will continue development of this drug for asthma. ARRS CEO sounded very optimistic in his answer to M. King (from Vector) on question regards the APC-366 future.
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