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Biotech / Medical : Agouron Pharmaceuticals (AGPH)

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To: James Silverman who wrote (160)1/17/1997 1:52:00 AM
From: scaram(o)uche   of 6136
 
Bingo. There have been some classic bails (Immunomedics, Cytel among many others) in biotech, but AGPH is on the opposite end of the spectrum. If AGPH insiders sell a reasonable percentage of their shares into this rally, I'll be celebrating their patience.

OK, we're going to take another hit on the issues of this past week.... that the Vertex molecule is dosed 2X/day rather than 3X/day, and that Viracept has a side-effect of diahhrea versus zip for Vertex. My response to that? Vertex is just now entering phase III trials. FDA might not love Vertex for advertising zero side effects before entering phase III testing. In the old days, companies showed more respect for the FDA and the approval process. Apart from that, Vertex/Glaxo seem to be missing one important point...... they're behind. In the next breath let me say that I also really like Vertex as an investment.

Rick
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