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Biotech / Medical : Bio Technology General - BTGC -- Ignore unavailable to you. Want to Upgrade?


To: DEER HUNTER who wrote (1834)4/27/1999 11:24:00 AM
From: Slugger  Respond to of 2028
 
Bio-Technology General Announces Two
Major Anti-Cancer Collaborations

-- Company to Develop Novel Cancer Vaccine and
Anti-Angiogenesis Agent --

ISELIN, N.J.--(BUSINESS WIRE)--April 27, 1999-- In a major thrust into the cancer therapeutic arena, Bio-Technology General Corp. (NASDAQ:BTGC - news) today announced that it has entered into research and license agreements with Massachusetts General Hospital (''MGH'') and with Yeda Research and Development Company Ltd. (''Yeda''), the licensing arm of The Weizmann Institute of Science in Rehovot, Israel (''The Weizmann'').

The agreement with The Weizmann relates to the development of peptide-based vaccines for the treatment of cancer. BTG will provide research funding and make certain milestone payments to the Weizmann Institute's commercial arm as well as pay royalties on any peptide-based vaccines resulting from the research which BTG markets under the exclusive license.

biz.yahoo.com



To: DEER HUNTER who wrote (1834)4/27/1999 11:50:00 AM
From: Ram Seetharaman  Read Replies (1) | Respond to of 2028
 
Valueline 4-23-99 gives BTGC 3,4 rating and ranks it 2 (just below the top of 1) for performance. @ a price of $ 8 and a P/E of 21.6.
IMHO it is worth a P/E of 32-40, since it is one of the few small biotechs that produce a profit. We may have to wait till it gets there. I have seen BTGC trade as high as $ 18 just a few months ago. Then it became way undervalued at $ 6. I am way long on BTGC!