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Biotech / Medical : genelabs(gnlb)

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To: jjs64 who wrote (116)2/12/1998 2:40:00 PM
From: biotech  Read Replies (1) of 233
 
The conference call was very positive with many investors very impressed with the deal GNLB signed with DARPA. It is well recognized that DARPA is one of the most thorough investigators of technology in the world.

1) The Dupont/Merck collaboration is going extremely well and I believe they will receive a significant milestone payment in the near future.

2)The sister technology to MERLIN, VIRIA, is not part of the Dupont/Merck collaboration.

3) The Lupus enrollment for the second phase III trial is ahead of schedule.

4) Comparing the valuation of GNLB to other genome companies the shares are very undervalued. For example, HGSI has a market cap of over $950 mm, INCY over $1.1 billion and GNLB at only $150mm.

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