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Biotech / Medical : Biogen
BIIB 168.83+2.4%3:59 PM EST

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To: SDR-SI who wrote (730)9/9/1998 5:52:00 PM
From: Hong-Lee Yu  Read Replies (1) of 1686
 
Steven,

I agreed. This agreement is a win-win situation for both companies to leverage strength. Last year, I was under impression that Merck is going to help Biogen to build infrastructure in Japan when Merck announced the license of VLA-4.

It surely looks like the street is expected that Biogen either meets or beats the expectations. The confidence is very high. Most analysts have 65-75 target price.

The average expected revenues for Avonex in 1999 is about 450M. This seems low. We should know more about it when Q3 report shows up.
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