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Biotech / Medical : Millennium Pharmaceuticals, Inc. (MLNM) -- Ignore unavailable to you. Want to Upgrade?


To: SJS who wrote (189)4/21/1998 4:49:00 PM
From: MikeM54321  Read Replies (4) | Respond to of 3044
 
Steve,
Thanks for the information but I couldn't find the posts about MIT selling or anything about Eric Lander? He's definitely becoming a multi-millionaire off the selling. I did end up remembering where I saw some information about insider selling. It was on the Yahoo message board. I have no idea if the poster is accurate or who this, "particular fellow" is the poster refers to. Here's the clip:

>Actually most of the insider selling has been from one particular fellow who has gone on to the Whitehead Institute as head of the research consortium between MLNM, AFFX and I believe BMY. Per Whitehead rules he cannot hold a financial interest in any of the consortium members. So they have given him a bit of time to unload his holdings. He is down to his last bit of shares, a shade over 10,000 left. So at least in his case, the selling should not be looked at as a bearish indicator.<

I'm just a little concerned about all the insider selling going on. It even appears that Eric Lander is trying to get some good prices during his selling. That bothers me a little if I'm reading it right.
MikeM(From Florida)
PS Don't get me wrong, I'm totally neutral on the company. Just doing some due diligence to see if I want to invest in it.