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Biotech / Medical : Munch-a-Biotech Today

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To: LLCF who wrote (373)	5/12/1999 4:48:00 PM
From: Biomaven	of 3158

Maybe we'll find out what CNTO was asking. The only numbers floating around were totals, which were hard to interpret because I don't know if they included CNTO's large slug of convertible debentures or not. CNTO at around 40 is by far the cheapest of the bigger biotechs. As someone commented, it always trades as if some dire news was about to be announced tomorrow. One issue of course is whether it is now "in play." J&J would have been a very good fit because of the stent/ReoPro link, but others might be eyeing it now instead. Peter

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