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Biotech / Medical : Millennium Pharmaceuticals, Inc. (MLNM)

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To: The Tuna who wrote (100)2/17/1998 10:59:00 AM
From: scaram(o)uche  Read Replies (1) of 3044
 
Tuna:

The numbers are good. Biotechs (developmental-stage) don't react to earnings reports for at least two reasons..... (1) burn or lack thereof is not predictive of success in the clinic, and (2) revenues are largely derived from contracts and milestones, both of which can be clearly foreseen.

Don't worry..... you won't often see bucks role through good labs like you're watching here.

Rick
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