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Biotech / Medical : Micrologix biotech

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To: Carter Berezay who wrote (500)5/22/1999 7:56:00 PM
From: Carter Berezay  Read Replies (2) of 792
 
ALL,

It's out! MBI is now being covered by TD Securities - a subsidiary of the TD Bank. Their 12 month target is $4.50/share.

It is a well-written report - about 13 pages. It is very comprehensive and well worth the read.

It says the competition for the development of multi-drug resistant solutions is very limited. It looks like MBI is not going to be blown out of the market at all.

Some other things. Two of the largest USA infectious disease healthcare expenses are for the treatment of AIDS and tuberculosis.

In 1993, the WHO viewed the threat of the multi-drug resistant TB as a global emergency.

The report puts no stock in MBI's "secret" drug. They acknowledge it exists and that's about it.

It is a very good report but the thing is not the 12 month $4.50 price they put on MBI, it is the fact that MBI is now being covered by a major company that has some influence in the "institution" industry.

MBI has always suffered from a lack of exposure in the market. Maybe this report is the start of major things to come for this company.

Good luck to all.

Carter B.
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