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Biotech / Medical : Agouron Pharmaceuticals (AGPH)

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To: Captain Jack who wrote (5187)8/19/1998 4:00:00 PM
From: margie  Read Replies (5) of 6136
 
<<I DO NOT SEE THIS VOLUME/PRICE ACTION FROM 1 BUY RATING >>
David Molowa, Bear Stearns analyst, initiated coverage of Agouron in June 1995 with a neutral, and I doubt if he ever rated it any higher. Molowa is a Vertex fan.
For Molowa, a perennial bear on Agouron, to upgrade to a buy, with a price target of 50, or a price target of 100 if Remune is approved, is impressive. Bear Stearns does not do underwriting for Agouron, as far as I know.

And the ten point drop has nothing to do with IR. Try the "Great Sustiva hype" and the emphasis on side effects of protease inhibitors. The side effects of NNRTI's have been ignored, and there are a lot more dropouts and side effects from NNRTI's than have been acknowledged.

The book value of Agouron is $7.67, with 30.9 shares outstanding.
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