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


To: John Metcalf who wrote (5931)3/18/2002 1:16:52 AM
From: scaram(o)uche  Respond to of 52153
 
Yeah, and Kirin has great currency.



To: John Metcalf who wrote (5931)3/18/2002 2:48:34 AM
From: Crossy  Read Replies (3) | Respond to of 52153
 
Mr. Metcalf,
Japan Tobacco's pharma interest was sold in 2000 or 2001 to a company called Nichiiko Pharma, 4541.J, very low Price/Sales ratio.. 0.6.. However their webiste is lacking their pipeline schematics.. Was Japan Tobacco's effort substantial from a scientific point of view ??

On ratings of Japanese firms, they are ULTRA CONSERVATIVE, so I wouldn't use that as an indicator for solidity in a field where historically bankruptcies have been nominal (even in Japan). Almost all Pharmas are earning nicely. Even if Sales are down, costs are down even more, so many jap. pharmas brought bottom line indicators like EBTIDA up, not only from a relative point of view but in absolute amounts also..

rgrds
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