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Biotech / Medical : IDPH--Positive preliminary results for pivotal trial of ID

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To: contrarian who wrote (1497)3/4/1998 12:09:00 PM
From: AJAG  Read Replies (1) of 1762
 
Hey guys! Forget pure technical analysis when it comes to biotechs-
Here is the REAL REASON that IDEC is going to go up-
Lehman Brothers reports that sales of their lead product so far are
at the high end of expectations and have raised their earnings
estimate from 26 cents to fifty cents, and target price of the stock to 59 dollars. You can take a look for yourself- just find the Lehman
Brothers biotechnology web site. Lehman reports "significant off
label use" of Rituxan.
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