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Biotech / Medical : GZMO
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To: StockMiser who wrote (27)2/10/1999 12:35:00 AM
From: jeffbas  Read Replies (1) of 438
 
I am not happy to read the ENMD/BMY announcement at all! The Boston Globe today quoted the president of GZMO as saying their compound is essentially the "next generation" of the earlier Folkman research (that ENMD got). I would say the probabilities of the GZMO product being good are lower if the first generation products (of ENMD) are no good. Wouldn't you? I do not think Bristol Myers was ambiguous.

Logically, GZMO should sell off as well, in my opinion, until the original research on their new compound is published. I would have been much happier if GZMO CEO had called their product a new class of
products and not next generation. It looks as if my earlier prediction that the stock could pull back to $3 may be realized soon.
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