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Biotech / Medical : Kos Pharmaceuticals, Inc (KOSP)

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To: DD™ who wrote ()3/8/1997 2:36:00 AM
From: James Silverman   of 118
 
Actually I believe they went public at $15, $20.25 was probably just the open.
I would think the stock is fully valued at this point.
They now have a $350M market value which seems generous to me, given they have just one ANDA filed and for what appears to be a drug with only very modest potential. Down the line if they can continue to file the ANDA's with regularity they may be in position to do very well.
I think this is an ideal IPO to flip as a roughly 50% gain is in hand.
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