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Biotech / Medical : Biogen
BIIB 181.890.0%Nov 26 3:59 PM EST

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To: Harold Engstrom who wrote (671)6/20/1998 2:26:00 AM
From: Vector1  Read Replies (1) of 1686
 
Harold,
Thanks for the excellent report on the shareholder meeting. I agree that Biogen is one of the best run, if not the best run biotech. With the Intron A patent litigation settled and Schering pushing Intron A into new indications it looks like the royalty stream will decline much less quickly than had been expected by some on the street. If second quarter Avonex sales are strong (north of 85m) we could be looking at a drive into the mid 50s.

<<they said Idec Pharmaceutical's travelling down the CD40L path would be an expensive trip.>>
Interesting. A little swagger in that statement. Biogen is a veteran of numerous patent wars. I bet they are well prepared to take on IDEC.
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