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Biotech / Medical : Sepracor-Looks very promising -- Ignore unavailable to you. Want to Upgrade?


To: billy d who wrote (867)6/2/1998 5:52:00 PM
From: Biomaven  Read Replies (1) | Respond to of 10280
 
Well the last few days have been ugly. No news that I've seen, and although the biotechs and drug stocks have been weak, SEPR has been weaker.

One possible guess to account for the weakness is that management has gotten more aggressive in developing its pipeline, and this has caused near-term earnings projections to deteriorate. With Wall Street's short-term focus this would be viewed as a negative, rather than the positive it really is.

Of course it's possible that there's some nasty news lurking in the wings that we haven't got to hear about yet. Provided this isn't the case, SEPR remains far and away my favorite biotech on a risk-adjusted basis.

BTW, according to reports from the annual meeting, there seems to be a new ICE on the SEPR bench. It's an improved version of Norvasc, a 2 billion dollar drug. I haven't heard in what respect it's improved.

Peter