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Biotech / Medical : T/FIF Portfolio

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To: Mike McFarland who wrote (661)	3/4/1999 9:39:00 PM
From: scaram(o)uche	Read Replies (1) of 1073

The discrepancy in market cap between the product-rich companies and the third-tier continues to grow. It is larger now than at any point in the history of the sector, but that could have been said for most any time during the past sixteen months. The slaughter in most second- and third-tier companies continues. A [random] feel for the day...... ADRX 70 1/8 +1 11/16 70 1/2 67 5/8 1537 +2.4% CLTR 21 + 7/8 21 1/2 19 7/8 638 +4.3% EMIS 11 7/8 -1 5/8 13 7/8 11 10504 -12.0% GENZ 48 3/16 +2 3/4 48 3/16 45 3/8 23317 +6.0% GILD 48 1/4 +6 5/16 49 1/2 42 28138 +15.0% IDPH 50 1/8 +1 7/8 50 1/2 48 1/8 6475 +3.8% INCY 25 1/16 -1 7/16 26 5/8 24 3/4 5289 -5.4% NXTR 18 +2 3/16 18 5/8 15 3/4 44684 +13.8% PGNS 40 3/4 -2 3/8 42 5/8 39 1/2 7269 -5.5% SEPR 130 +1 7/8 134 3/4 128 5565 +1.4% VGIN 16 5/8 +1 3/8 17 1/8 15 3/8 920 +9.0%

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