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Biotech / Medical : Munch-a-Biotech Today

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To: Biomaven who wrote (244)	3/5/1999 12:10:00 PM
From: LLCF	Read Replies (1) of 3158

Chiron got a long winded but new recommendation from Morgan Stanley today... quite comprehensive. Posting here because it included this little statement which I'm sure they act apon: "Chiron could-and has the opportunity to become an important consolidator within the biotech industry. With an underleveraged financial structure (1.2 billion cash, 400 mill debt), a market capitalization of $4 billion, and a newly minted crack management team, Chiron could regain in industry-leading role by playing the role of consolidator. Its internal product pipeline is interesting, but early-stage. The opportunity lies with more than 1200 public and private fledgling, cash-strapped biotechnology companies available now at historic low valuations." Do you know is Rick working for Morgan now? :) DAK

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