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Biotech / Medical : Biogen
BIIB 161.12+0.9%10:07 AM EST

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To: Harold Engstrom who wrote (916)4/5/1999 10:18:00 PM
From: Mark Bong  Read Replies (2) of 1686
 
"Even if our prognosis is off, our confidence in CV Therapeutics'
shares is buttressed by the company's balance sheet, where $45
million -- fully two-thirds of CV's current market cap of $68
million -- is safely tucked away."

Maybe BGEN should buy this company. Their milestone payments plus CVTX cash deducted from the purchase price would make this a pretty good buy.

With 6 million patients having congestive heart failure, I think that the market is much larger than $250MM. I have seen this figure referred to in year two of sales, and I do not think that this represents the full potential of this drug.

I have held BGEN since 1987 and have added to my position periodically since that time.
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