Millennium Pharmaceuticals, Inc. (MLNM) Message Board

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

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To: John O'Neill who wrote (173)	4/9/1998 12:46:00 PM
From: JOEBT1	Read Replies (1) of 3044

Jo I'm interested in MCDE but have some qualms. The formation of Iconex seems to be a big negative. They lost their COO who also was their scientific leader and ended up with only a 35% interest in Iconex. They certainly seemed to have enough money to keep the Iconex work in house-so I assume their COO forced the issue. One would conclude that the COO thought the opportunities for Iconex were higher than MCDE. Also MCDE is committed to support Iconex for 3 years with 6.1 million a year which will probably cause them to raise equity capital well before 5 years. How do you interpret all this? JOEBT1

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