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


To: Biomaven who wrote (1849)10/19/2000 12:13:52 AM
From: Doc Bones  Respond to of 52153
 
Brief comments on earnings reports by Gabe Hoffman, biotech columnist at Real Money / The Street.Com

--------------

Gabe Hoffman

MEDI / IMNX reports

10/18/00 6:11 PM ET

Medimmune was in line, stock basically unchanged.

Immunex Leukine sales were strong, will be interesting to see if this affects Amgen's Neupogen sales when they report. Enbrel was a couple million light, stock is off about 3 points after mkt.

Enormous secondary is still hanging over IMNX, was reduced from 70 million to 60 million, still equals well over $2 billion of new supply.

long AMGN



To: Biomaven who wrote (1849)10/19/2000 5:16:03 AM
From: nigel bates  Read Replies (1) | Respond to of 52153
 
What chance that AHP's proceeds will eventually find their way back into the biotech sector ? Another argument for the lower tiers ?

nig