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Biotech / Medical : Ionis Pharmaceuticals (IONS)
IONS 71.53+2.4%Nov 14 9:30 AM EST

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To: AJAG who wrote (2520)3/12/1999 12:25:00 AM
From: Edscharp  Read Replies (1) of 4676
 
Ajag, I agree with you.

I believe an efficacious phase III outcome for Crohn's disease would "prove" that the antisense technology works. I think a lot of investors will share that belief and buy in at that point.

But, I don't necessarily think that the stock price will double or triple overnight.

Isis would be the dominating force in antisense technology. Their technology can be applied towards a huge number of ailments. They would be able to license their technology to other drug companies for cash payments and royalties, in addition to their own pipeline.

My biggest concern with a successful PIII test for Crohn's disease is that other drug companies may want to acquire Isis. In fact, I suspect this important technology might be desirable to a number of the Big Pharmas.

Although an acquisition effort might double Isis' stock price I think the real value to shareholders is holding Isis as a separate entity for the long term
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