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Biotech / Medical : Cor Therapeutics Inc. (CORR)

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To: LLCF who wrote (413)4/26/1999 11:32:00 AM
From: Edscharp  Read Replies (1) of 712
 
From Medical Technology Stock Letter - April 22, 1999

"COR Therapeutics reported earnings for the first quarter on April 20th. The company reported a net loss of $11.8 million, or $0.48 per share, on revenues of $7.5million, for the quarter ended March 31st, versus a net loss of $5.3 million, $0.22 per share, on revenues of $8.4 million, for the same quarter in 1998. Integrilin sales totaled $11.3 million for the quarter, exceeding consensus estimates of $9.0 million. Current sales are running at a $1.0 million per week rate. The company has increased estimates for Integrilin sales to $65 - $70 million this year, $175 - $200 million for 2000, and $300 - $350 million for 2001. The company expects to begin turning a profit around mid-2000. CORR is a buy under $18."
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