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Biotech / Medical : Sepracor-Looks very promising

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To: Epicenter who wrote (1702)2/4/1999 1:29:00 PM
From: Biomaven  Read Replies (1) of 10280
 
Epicenter,

Strikes me that the stock has held up amazingly well in the face of a downgrade which also claimed that Xopenex would only be available next quarter. We've also seen downgrades based on price in other first/second tier biotechs.

Part of the recent move up might have been short covering - see the Jesse Eisinger article at Thestreet describing how the (misguided) 2nd-tier biotech short sellers had finally thrown in the towel.

Maybe some of the recent failures (CLPA, NRGN) have reminded people that SEPR's risks are considerably less for its pipeline.

As you point out, there's been no news of late, and so it's just us long-term holders and institutions left - just the way I like it. <G>

Peter

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