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Biotech / Medical : Agouron Pharmaceuticals (AGPH)

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To: Dahmane Dahmani who wrote (396)3/11/1997 1:48:00 AM
From: scaram(o)uche   of 6136
 
Ken and Dahmane:

It's pretty much just wait and see now, no? The latest schedule of FDA advisory meetings is out and neither anti-virals nor Agouron is listed. Since AGPH is not saying that Viracept will not be approved before mid-April, I presume that this lends credibility to the "approval will be granted without an adivsory committee meeting" camp.

I now regard that camp's view as a given, but that's my perspective. Get your own. :-)

You have a company with no products and no product-related revenue with a market cap of better than a billion. You have a quiet period before the storm which has been characterized by worry and rumors. My own personal view is that it's a very good sign that the price has held up relatively well. 15% is nothing to veteran biotech investors, and I believe that any serious problems would have leaked and led to severe erosion in price. Everything, to me, looks good.

As always, do your own homework.

Cheers! Rick
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