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Biotech / Medical : NexStar Pharm(NXTR)

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To: Miljenko Zuanic who wrote (296)8/17/1998 11:13:00 PM
From: Steven Yang  Read Replies (1) of 328
 
MZ,

I too view this news as a positive one. Near term, this deal validates the PASS technology, and hopefully, adds some of the much needed credit to NXTR management. long term, with the help of the German partner and its marketing muscle, NXTR could develop PASS and the speciality chemistry expertise into a viable business.

From the operational point of view, with this deal, NXTR could start to be profittable in 98Q3 due to the reduce R&D cost and interest expenses.

Interesting enough, the street did not take this news positive -- NXTR went down while the market went up today.

Steven
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