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Biotech / Medical : IDPH--Positive preliminary results for pivotal trial of ID

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To: Kenneth E. De Paul who wrote (273)1/8/1997 11:14:00 PM
From: Don Cheng   of 1762
 
The price range of a stock depends on whether the company can meet analyst's expectation. For company like IDEC which does not have any revenue generated by it's own product, the price really depends on if the company can get C2B8 approved by the FDA this year. If so, you will see the price move up to beyond the current price range when the company files the submission later this year. If you have confidence on this company, it is really a good time to accumulate the stock, just like the other folks did in the last couple days.

Don
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