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Biotech / Medical : Cor Therapeutics Inc. (CORR)
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To: Robert Mayo who wrote (344)1/26/1999 6:18:00 PM
From: aknahow  Read Replies (1) of 712
 
From Eisingers earlier article:

"Cor's Kailian was similarly forgetful. Cor's drug Integrilin, a
competitor to market dominant ReoPro, has had a severely
disappointing launch. That could explain Kailian's lengthy treatment
of the dynamics of heart-attack care, to the exclusion of detail and
projections about Cor's financials. The CEO did say Integrilin has
reached a rate of around $700,000 in sales a week, which is rising.
The Street's expectation is that the company will report $10 million
in sales for the most recent quarter, and it should hit that. But are
expectations still too high for this year? Many investors think so."

G.W. not J.E.

I believe the target was 410 million for the year, not the quarter. Reasoning? If they had just recently hit sales of $700,000 per week then 12 X $700,000 = $8.4 Not $10.0 and we know that sales in October were not $700,000 per week.

BTW Cor letter of 14 Jan confirms the company estimate was $10 million for the year ended 1998.

"
"It's a very extensive education process," Kailian told Dow Jones at the Hambrecht & Quist Healthcare
Conference here Thursday. He said he is "comfortable" with the 1998 sales estimates of about $10 million and
with estimates of $50 million to $60 million in 1999."

Wonder if the market was focused on the companies target of $10 million or Eisingers for the quarter figure? Which would have been $12.6 for the year?
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