Agouron Pharmaceuticals (AGPH) Message Board

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Biotech / Medical : Agouron Pharmaceuticals (AGPH)

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To: billkirn who wrote (4830)	7/9/1998 11:33:00 PM
From: smh	Read Replies (1) of 6136

Points from TheStreet.com article posted 6;00 pm 7/9/98 "Embattled Agouron CEO Reassures Employees, Investors agph on defensive due to poor reports from important conference, estimare cuts, and growing skepticisim of its drugs in tuesday memo to employees Johnson revealed "an innovative plan to agressively pursue development" of newly licenced drugs some sort of off-balance sheet financing to fund the new drugs per spokeswoman Johnson's rush to license resulted in questionable REMUNE deal - after years of testing it is still unclear if R has a place in AIDS treatment Based on Geneva reports future of PI drugs looks dim. Many investors think the traditionalk AIDS combo regimen will be supplanted DLJ's Parker said the main question is not when, but how fast Viracept sales will erode - could be 20% over the next year. Short sellers looking at 57% rise in inventories and increas in sell, general, admin expense $26m -> $64m

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