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Biotech / Medical : Pathogenesis(pgns) -- Ignore unavailable to you. Want to Upgrade?


To: John Ritter who wrote (158)3/23/1999 6:08:00 PM
From: Don Westermeyer  Respond to of 228
 
The bulls story is TOBI, the wonder drug.

It is actually a very good drug and has (had) been selling quite well.

The bears point out that the market for such a drug is not all that large. TOBI is virtually the only drug PGNS sells and hence PGNS is sensitive to a slow down in the sales of the drug.

Today's action is what happens when growth stops when years worth of strong growth is built into the stock price.