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Biotech / Medical : Biotech & Pharma.T.A, -- Ignore unavailable to you. Want to Upgrade?


To: Jibacoa who wrote (52)9/30/2002 11:48:25 AM
From: Jibacoa  Read Replies (2) | Respond to of 3722
 
SEPR Is doing pretty good today,up 13.44% from its early L and 8.91% from Friday's close.It is now trading at its intraday H.Volume is still less than 1/2 its daily average.<g>

The company recently repurchased $131 million of its 5% convertible preferred due on 2005, but Standard & Poor's said that has no impact on its current ratings of SEPR. After the repurchase, the company still has $982 million in convertible debt coming due from 2005 through 2007. As of June 30 it had $720 M in cash.

According to S&P the key determinant to SPR's ratings will be the company's success over the near term on the grow in sales of Xopenex, and the FDA approvals for its late stage products, Soltara and Estorra.

siliconinvestor.com

It seems likely that it should test its Aug.28 H of 7.08 pretty soon.

siliconinvestor.com

Bernard