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Biotech / Medical : Munch-a-Biotech Today -- Ignore unavailable to you. Want to Upgrade?


To: Robohogs who wrote (1447)2/7/2003 4:57:04 AM
From: Icebrg  Read Replies (1) | Respond to of 3158
 
>>No one ascribed any value to Remicade which is a lot bigger than Embrel, even though no one notices this fact. >>

This is due to the fact, that in a place like this, most of the interest is not directed towards a drug per se, but more to the transformation of the value of its sponsor, if its development should turn out to be successful.

I am sure that Embrel, having been swallowed by Amgen, will soon start to be perceived as un-exciting as Remicade already is.



To: Robohogs who wrote (1447)2/7/2003 9:47:29 AM
From: rkrw  Read Replies (1) | Respond to of 3158
 
Did cnto own remicade outright or was it partnered with jnj early on? Definite great buy by jnj on that one. cnto would have been a monster stock.

Note a scios merger is far from assured.



To: Robohogs who wrote (1447)2/7/2003 9:47:31 AM
From: Biomaven  Respond to of 3158
 
Jon,

The JNJ munch of CNTO was one of the factors that pulled biotech out of a slump. I was a (small) CNTO shareholder at the time, and remember the big struggle with the shorts - the merger offer came as quite a relief at the time.

I went back in this thread and dug up some of the CNTO posts:

Message 9061571
Message 9281197
Message 9496026
Message 9496755
Message 10593814
Message 10594147
Message 10594587

Peter