ArQule Message Board - Msg: 3355178

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Biotech / Medical : ArQule

ARQL 20.00

0.0%

Jan 16 4:00 PM EST

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To: ahhaha who wrote (177)	2/5/1998 9:49:00 PM
From: John Metcalf	Read Replies (1) of 399

<Glaxo is highly regarded. I could never understand why. They make corporate decisions by committee.> Glaxo was trading below $20 at the time of the Affymax acqusition that Miljenko mentioned. Today they are trading in the $60's. The investor who has been compounding 50% per year doesn't care whether their decisions came out of committees or monkeys rotating 96-well plates. Is there an investable biotech corporation anywhere that doesn't operate by committee? To do otherwise would be to exclude input from several critical disciplines. Solo-ing is good in cowboy movies, but not good bio-molecular science.

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