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Biotech / Medical : Centocor ( CNTO )
CNTO 0.000010000.0%Mar 7 3:00 PM EST

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To: Biomaven who wrote (865)12/8/1998 4:20:00 PM
From: Douglas Babbin  Read Replies (1) of 965
 
I spoke w/ someone from investor relations at CNTO today. They attributed the sell off last week to two brokerage firms that lowered the revenue estimates for Remicade. He didn't believe the old Remicade formulation was much of an issue to many investors. In any event, most firms are expecting similar Remicade sales at this point. The other two firms had been overly aggressive.
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