To: Steve Fancy who wrote (4239 ) 5/6/1998 12:33:00 PM From: Todd N Read Replies (1) | Respond to of 6136
FWIW: Legg Mason Initiates Research Coverage Of The Innovator Pharmaceuticals Industry BALTIMORE, May 6 /PRNewswire/ -- Legg Mason Wood Walker, Inc. announced today that it has initiated research coverage of the innovator pharmaceuticals industry and will issue an in-depth report on the industry by Stefan D. Loren, Ph.D. This report addresses key issues and trends in the industry as well as our investment perspective. Legg Mason Wood Walker, Inc. will also announce new research coverage of two companies within this sector. Pharmacopeia, Inc. (Nasdaq: PCOP - news; PCOP - $20-3/8)(a) Pharmacopeia, located in Princeton, New Jersey, is a leader in the field of combinatorial chemistry and its applications to drug discovery. An investment rating of Buy and a risk rating of Speculative have been assigned to Pharmacopeia along with a 12-18 month target price of $31. Agouron Pharmaceuticals Inc. (Nasdaq: AGPH - news; AGPH - $36-7/8)(a) San Diego, California-based Agouron specializes in the development of small-molecule anti-cancer and anti-viral therapeutics. AGPH was given an investment rating of Outperform with a risk rating of Speculative and a 12-18 month target price of $47. Legg Mason Wood Walker, Inc. is the principal securities brokerage subsidiary of Legg Mason, Inc. (NYSE: LM - news), with approximately 1,100 Financial Advisors in 110 offices along the East Coast from Maine to Florida and across the South to Texas, plus affiliate institutional offices in London, Paris, and Geneva. Legg Mason, Inc. is a financial services holding company that provides securities brokerage, discretionary asset management, investment banking, and commercial mortgage banking and related financial services through its wholly owned subsidiaries. (a) Prices are as of close on May 5, 1998. Legg Mason makes a market in the shares of Pharmacopeia, Inc. and Agouron Pharmaceuticals Inc.