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Biotech / Medical : Oscient Pharmaceuticals Corp. (OSCI)

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To: Glenn D. Rudolph who wrote (424)7/7/1998 1:44:00 AM
From: Larry Liebman  Read Replies (1) of 1154
 
Interesting speculation. GENE has some 18 million shares out with some $40 million in cash. Deals with pharma are $100 million+. R & D is on track for $30 million+ per annum. Stock at $5 has a net value of $90 million. Take away cash and you value the technology at $50 million. The company employs around 250 people. I have a small position at $8. The second and third tier biotechs have been battered. I suggest they offer excellent value at this point- though those of us with friends in Yahoo or Amazon will derive little satisfaction from that point!
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