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Biotech / Medical : ArQule
ARQL 20.000.0%Jan 16 4:00 PM EST

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To: ahhaha who wrote (250)6/24/1998 3:12:00 AM
From: Rio Jangada  Read Replies (1) of 399
 
Confidence in ArQule portfolio of proprietary compounds and technology, their knowhow and management remain exceedingly high among 25 collaborators and partners. These are companies that are committing expertise and resources, pooling interests, and are enjoined for more than just a short while, as opposed to those shuffling around other people's money. A major drug company took a $5 million stake just this month. ArQule will have committed investors, advocates, cheerleaders, etc. for years to come. Panicky short-sighted investors and perhaps a few demoralized, distrusting, self-limited graphmakers have provided a tremendous buying opportunity here. Good riddance to them and welcome to the likes of Wyeth-Ayerst and the biotech-savy fella that publicly declared his faith by taking a >5% stake just a few days ago.

Rio
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