Essential Therapeutics (ETRX) formerly Microcide (MCDE Message Board

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Biotech / Medical : Essential Therapeutics (ETRX) formerly Microcide (MCDE

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To: John O'Neill who wrote (156)	9/3/1998 9:48:00 PM
From: John O'Neill	Read Replies (3) of 415

I t looks like they are still on target at MCDE. This is a speculative stock..but appears to be attractive at this price...one of many clobbered biotech. Their cash burn rate is excellent and they are likely to get a milestone payment at early 99. They have about $3.20 cash per share. I've been out of MCDE until recently..busy with puts on big caps..but I'm back in at 4 1/4...anyone else still in this one?? JJO

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