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Biotech / Medical : Biotechnology Value Fund, L.P.

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To: scaram(o)uche who wrote ()	8/27/1998 7:54:00 PM
From: scaram(o)uche	Read Replies (3) of 4974

The day that was. Note that biotech outperformed. Ow. It hurts to try to laugh....... FBIOX 29.68 -1.11 -3.6% FBDIX 19.64 -0.47 -2.3% BTK 117.85 -4.78 122.63 115.19 -3.8% DJIA 8,165.99 -357.36 8,518.35 8,164.19 -4.1% IXBT 285.57 -12.91 293.37 281.48 -4.3% Lampert must be about out of business. The recent bad news from CVAS, just after he almost bought the company outright, must have been salt in the wounds. SIBI traded at cash today. For a research premium of $zero, you could buy a chunk of (1) a phase II in Parkinson's, (2) a phase I in Alzheimer's (palliative), (3) the BMY program in beta amyloid (Alzheimer's), (4) the Novartis programs in stroke and epilepsy, (5) the screening patents/licenses, (6) VGCC-Lilly (if alive), (7) VGCC-pain, and (8) caspase. Insane.

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