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Biotech / Medical : Pharmacyclics (PCYC)

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To: John McCarthy who wrote (422)3/28/1999 1:30:00 PM
From: Biomaven  Read Replies (1) of 717
 
Thanks, John - I hadn't seen the Wired article yet. I've dubbed this PCYC's "roto-rooter" application, and it certainly could be a blockbuster if it pans out. Still very early days though. QLTIF's photofrin wouldn't work in this application because it uses a different wavelength that doesn't penetrate blood.

I've been buying PCYC on the dips. I might well be too early, as the Gd-Tex Phase III trials which should be the primary driver of the stock are just beginning. However, success in either Gd-Tex or the roto-rooter would make this stock a 10-bagger, so I'm prepared to wait.

The stock is still suffering some as analysts pull back from their earlier ridiculously optimistic near-term earnings projections. At some point of course the stock will be driven by its trial results, not by the analyst projections.

Peter
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