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Biotech / Medical : Agouron Pharmaceuticals (AGPH) -- Ignore unavailable to you. Want to Upgrade?

To: tommysdad who wrote (5262)	9/4/1998 11:14:00 AM
From: Joe E.	Respond to of 6136

I notice Vertex is moving up sharply today. They of course have a potentially competitive drug to Viracept. Here is a posting on the SI VERTEX board yesterday (I have no idea about its veracity, but the timing is interesting): <<To: David Witwer (189 ) From: David Witwer Thursday, Sep 3 1998 12:54PM ET Reply # of 190 Stock is moving up a little. What is worth watching is its price moves starting about now. As I mentioned in an earlier post, Glaxo was to submit an abstract on phase III results to gain admission as a "late breaker" to a conference starting Sept. 24. So, a small group of conference planners now have, at least, the four primary variables from the study including viral log decline and participant drop out rate. It will be interesting to see how fast the results, good or bad, get into the stock's price given that the abstract should be confidential information.>>

To: tommysdad who wrote (5262)	9/4/1998 1:23:00 PM
From: Peter Church	Respond to of 6136

I think you can't take agph's fall too personally. It's just sinking with the tide. McCamant mentions several other biotechs which have done worse but have excellent prospects: isip, axph, imcl, icos. Does anyone follow McCamant and have a sense of his stock picking ability? He also says that biotechs are not cyclical. But, how are some of these unprofitable companies going to survive if capital gets scarce? By being swallowed by larger fish, I guess. bioinvest.com