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Strategies & Market Trends : Charts for Quick CASH $$$

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To: N/E PATSFAN who wrote (6490)2/28/1998 5:31:00 AM
From: SnowShredder  Read Replies (1) of 9262
 
I think that SUPG is a company that has great management. The founder of Amgen knows how to make a biotech company grow and succeed. And with an experienced board they are bound for success. My guess is that they are trying to become profitable as soon as possible by producing generic drugs. This will give them a steady cash flow to fund the expensive trial on their hopeful blockbuster drugs...thus they won't need to seek additional funding. Instead of spending a lot of $ on doing there own research, I think they license out technology from smaller biotech companies in need of funding. It has been a while since I looked @ the company, but I hope that this helps.

Another promising biotech company is LGND, they are supposed to file an NDA this quarter and they have many collaborations with major Pharmaceuticals. They are expected to be profitable by next year. SI has a very good thread if you want more info.

Best of Luck Trading,

Where'd He Go?
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