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Biotech / Medical : Centocor ( CNTO ) -- Ignore unavailable to you. Want to Upgrade?


To: DZOO who wrote (641)4/6/1998 11:02:00 AM
From: FNS  Respond to of 965
 
The Avakine news doesn't appear to be that favorable! CNTO stock price took a nice bounce but has reversed to near lowest level! Is something amiss here???

SGC gets all marketing rights less USA, Japan, and far east portions. Tanabe Saikayu (sp?) has Japan/far east portions based on previous distributor agreement. (Didn't know about this!) So this means CNTO will market within USA.

Could it be that the street was looking for 30 million and not 20 million up front?

In any event, Avakine review/approval in May (?) is perhaps the key factor.

FNS