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

To: Biomaven who wrote (3323)	4/3/2001 4:28:41 PM
From: dalroi	Respond to of 52153

Peter, what exactly is your definition of a fire sale i used to jump in when stock were down 15-20% but nowadays that seems to be "normal" eg mlnm today 28-23 sheeeeeeees anyway FWIW nibling at near cash bios with naked puts acla (put july almost 1$ sheeees) lexg at 5.5 with 4.2$ cash ? incy naked put at 10$ cheers Stefaan ps tomorrow is the 3drop day in line bargainday ?

To: Biomaven who wrote (3323)	4/3/2001 5:11:11 PM
From: Jibacoa	Read Replies (1) \| Respond to of 52153

NOVN's drop yesterday apparently was on the news of the results of a preliminary analysis of Phase III clinical study data for its transdermal methylphenidate system, which suggested that a supplemental clinical study will be required to support the filing of a New Drug Application (NDA). It rallied yesterday from the 16 3/4 level and also earlier today, but it was held unchanged at 19. I am aware that they have positive earnings and those were better in the last reported Q, the PE at 23 is not that high by "recent standards" and their HRT and deal with Novartis also look good, but do they have any potentially "block-buster" product on their pipe line? Bernard