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Biotech / Medical : Sepracor-Looks very promising -- Ignore unavailable to you. Want to Upgrade?


To: Ed Ajootian who wrote (4232)2/28/2000 11:18:00 PM
From: rkrw  Read Replies (1) | Respond to of 10280
 
Sepracor holds less than 18% of Versicor. Sepracor doesn't call the shots, but Tim Barberich does sit on their board as one member amongst nine.
Versicor would be a very attractive IPO candidate in this market. Two drugs in the clinic and major partnerships with Novartis and PNU, they also have the magic word, "gene" they could parlay. $1B market cap wouldn't be out of the question in this frenzy (imo).
Versicor is on Sepracor's books as a $2M investment, could equate to >$100M if and when they do IPO.