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Biotech / Medical : Biotech Valuation -- Ignore unavailable to you. Want to Upgrade?

To: Biomaven who wrote (467)	12/22/1999 10:25:00 PM
From: Larry Liebman	Read Replies (1) \| Respond to of 52153

Looks like biotech is creeping/has crept into public consciousness. David Gardner at Fool.com remarked that biotech will eclipse the Internet in creating value in the next millenium. Looking at the valuation of Internet start-ups versus companies like NBIX, ALXN, ABSC, MLNM, etc., I continue to feel more comfortable with my biotech brethren. It may be that the mythological street is catching up. This may be the time to enter/hold. Scanning analyst recommendations, 90%+ of new buys are tech/internet related. At some time, we may see biotechs becoming more visible in the investment community a la the Robbie Stephens fellows. Several months ago I wanted to see the I.P.O. market re-open. Now, it will be to see the analysts awake.