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Biotech / Medical : MEDX ... anybody following? -- Ignore unavailable to you. Want to Upgrade?


To: tom pope who wrote (1182)12/15/2005 8:47:39 AM
From: Icebrg  Read Replies (2) | Respond to of 2240
 
Medarex will be more difficult to swallow, though. Abgenix was more or less rudderless after spending most of their money on production facilities instead of products, having been forced to fire (one way or another) its CEO etc., etc.

Medarex has been driven all along by a very ambitious Drakeman, their strategy has produced many more drug candidates etc. etc. And there is a poison pill provision in place.

But the deal may well open the eyes on investors with regard to the potential in Medarex.

Erik