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Biotech / Medical : North American Vaccine (NVX)
NVX 1.130+11.3%11:26 AM EST

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To: andy harrison who wrote (1)12/10/1996 9:20:00 PM
From: Don W Stone   of 35
 
Andy, I like this post and I whole heartedly agree with it.
What Chiron Behring did apparently IMO was find the best way to satisfy a "strategic need" and NVX was the answer. I also think they went for a four year agreement with a right to extend it for three more years because they are not overly confident that they will have their own DTaP-IPV vaccine anytime soon.
This is really a story about to competitors becoming partners because that is what works best for all concerned to include the two companies and their customers.
I do have a lot of confidence in NVX management and their ability to enter into deals like this one so it certainly has my approval along with a congratuations to those who made it happen. Thanks. :-)
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