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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies

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To: Troll who wrote (56715)2/18/1999 8:31:00 PM
From: kha vu  Read Replies (1) of 119973
 
sepr...
SEPR news: as of friday 02/12
M&A rumor mill
The Street was abuzz late Friday with the rumor that Johnson & Johnson is considering a bid for partner Sepracor. SEPR shares jumped $15.25 (15 percent) to $114.75 on the week. SEPR and J&J are developing Norastemizole to treat allergic rhinitis and (+)-norcisapride for nocturnal heartburn. SEPR spokesperson Jonae Barnes dismissed the rumor as poppycock, and speculated that the surge could be attributed to a mention of SEPR in Eli Lilly's conference call. Lilly has exclusive worldwide rights to develop SEPR's R-fluoxetine, a modified form of the active ingredient in Lilly's Prozac selective serotonin reuptake inhibitor. Other speculation was Lilly's settlement last week with generics manufacturers over Prozac will give the company more opportunity to focus on the SEPR compound.

This is extracted from:

biocentury.com

SEPR has been widely covered in NYTimes, worth feb 99, wsj... The price target is over $130...but you can play the call options...




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