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

To: Biomaven who wrote (10179)	1/28/2004 5:39:52 PM
From: Biomaven	Read Replies (5) \| Respond to of 52153

BIOTECH COMPANIES DEMYSTIFIED (first draft) AMGN You have two cows. Cash cows, so sit back and enjoy them. GENZ You have two cows. You discover they are really goats, so you spin them off to GZTC. That doesn't work out, so you buy them back from shareholders in exchange for excess manure. SEPR You have two allegedly improved cows. One is asthmatic, the other allergic. The allergic cow is killed by the FDA, so you buy a new insomniac cow using zero coupon fodder futures. ICOS One of those two cows turns out to be a bull. MAXM One a subgroup re-analysis you discover that one of your two cows is nearly significant. CRA How come nobody wants to buy our remaining cow's genome? (The other cow was accidentally shot in the course of a shotgun genomic analysis). BIG PHARMA Two cows and twenty-two thousand bureaucrats to manage them. Peter

To: Biomaven who wrote (10179)	1/29/2004 7:09:28 AM
From: scott_jiminez	Respond to of 52153

TRADITIONAL CAPITALISM: You have two cows. You sell one and buy a bull. Your herd multiplies, you become fabulously wealthy, quit your farm, become a reactionary politician, and condemn as pathological anyone who disagrees with you. Ignorance regarding everything but dairy farming is given as justification for your aggressive foreign policy. Barnyard grasp of language is considered an asset. ['kinda' stunning Peter that 'traditional capitalism' is the only one that receives the warm and fuzzy treatment in your list]