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Biotech / Medical : Hoechst (HOE)
HMR 1.280-1.5%Nov 3 3:56 PM EST

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To: Teddy who wrote (8)5/7/1998 10:00:00 PM
From: Paul Senior  Read Replies (1) of 42
 
Teddy, thanks for posting this info. As I understand it, the operations that were sold were primarily manufacturers of generic pharmaceuticals. Per the information I have regarding HOE's life sciences businesses (p. 5 of invitation to annual general meeting)
"HMR is concentrating its resources on discovering, developing and globally marketing innovative, patent-protected prescription drugs for important human indications... Generic drugs, over-the-counter drugs, and the production of standard active ingredients for third parties do not fit in with HMR's strategy and will be discontinued."

So IMO, they are continuing to move forward here in implementing their strategy.

Paul Senior
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