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Biotech / Medical : Agouron Pharmaceuticals (AGPH)

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To: Izzy who wrote (5029)7/30/1998 1:03:00 PM
From: Vector1  Read Replies (1) of 6136
 
Izzy,
<<Then why is ENMD stock price higher than AGPH's?>>

Stock price is irrelevent. Market cap is what is important as described by John Metcalf.

However, even looking at market caps it is hard to reconcile the valuations. I guess the academics may be wrong. The market is NOT efficient. At least in the biotech sector.
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