Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : Biotech Valuation -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (200)	5/13/1999 5:14:00 PM
From: zx	Respond to of 52153

thanks

To: LLCF who wrote (200)	5/24/1999 4:51:00 PM
From: LLCF	Read Replies (2) \| Respond to of 52153

Tossed in CHIR and SEPR which at these prices are solidly in the middle of the ($/MktCap) pack: Comp # Shrs Price Mkt.Cap Cash $/shr Tval. Tval/Shr $/Val 98'Exp Revs Burn Sales Sls/Exp SNAP 10.7 6 $64 $56 5.23 $8 $0.77 87% 19.0 9.0 18% 0 CTII 18.4 1 $18 $12 0.65 $6 $0.35 65% 22.3 8.8 112% 0 AXPH 30.0 3.875 $116 $65 2.17 $51 $1.71 56% 78.6 47.4 48% 0 NBIX 18.8 5.5 $103 $56 2.98 $47 $2.52 54% 28.5 16.0 22% 0 BTRN 8.6 3.5 $30 $16 1.87 $14 $1.63 53% 17.2 8.0 58% 0 0% GLFD 19.6 11.5 $225 $116 5.93 $109 $5.57 52% 50.3 12.5 33% 6 12% VRTX 25.3 19.5 $494 $224 8.84 $270 $10.66 45% 77.5 44.5 15% 5 6% REGN 31.00 7.25 $225 $100 3.23 $125 $4.02 44% 53.8 45.2 9% 15 28% NPSP 12.5 7.25 $91 $40 3.20 $51 $4.05 44% 23.4 3.6 50% 0 PDLI 18.6 18 $334 $140 7.53 $194 $10.47 42% 40.0 30.0 7% 15 38% GELX 16.0 16.5 $264 $100 6.24 $164 $10.26 38% 40.0 20.0 20% 0 VLTS 19.6 4.5 $88 $29 1.48 $59 $3.02 33% 18.7 8.1 37% 0 SIBI 9.5 4.25 $40 $13 1.37 $27 $2.88 32% 25.5 7.0 142% 3 12% ALKS 24.9 25 $623 $171 6.87 $452 $18.13 27% 45.9 40.0 3% 0 CLTR 17.3 24.5 $424 $116 6.71 $308 $17.79 27% 40.0 34.0 5% 0 ABGX 14.0 15.5 $217 $57 4.07 $160 $11.43 26% 21.0 3.8 30% 0 PGNS 17.2 14.5 $249 $65 3.79 $184 $10.71 26% 62.6 61.1 2% 0 CHIR 185 21 $3,885 $1,000 5.41 $2,885 $15.59 26% 600.0 662.0 -6% 662 110% ABSC 17 6 $102 $23.5 1.38 $79 $4.62 23% 47 26.5 87% 0% TTP 13.1 3.125 $41 $9 0.69 $32 $2.44 22% 11.5 0.0 128% 0 AVIR 15.7 22 $345 $79 5.03 $266 $16.97 23% 56.6 1.0 70% 0 PCOP 20.2 9 $182 $40 1.98 $142 $7.02 22% 105.7 92.2 34% 62 59% SEPR 32.8 62 $2,034 $430 13.11 $1,604 $48.89 21% 70 14 13% 25 36% LKST 11.9 11.25 $134 $27 2.23 $107 $9.02 20% 23.8 12.0 45% 0 PCYC 12.3 19 $234 $46 3.74 $188 $15.26 20% 17.0 0.0 37% 0 CEPH 28.7 11 $316 $60 2.09 $256 $8.91 19% 74.6 15.6 98% 21 28% OSIP 21.4 6 $128 $22 1.04 $106 $4.96 17% 28.0 19.5 38% 0 MLNM 34.2 39 $1,334 $202 5.90 $1,132 $33.10 15% 139.0 133.7 3% 100 72% LGND 35.0 11 $385 $53 1.51 $332 $9.49 14% 87.0 25.0 117% 20 23% CORR 24.4 13 $317 $42 1.72 $275 $11.28 13% 73.2 41.9 75% 33 45% CGPI 8.6 9.5 $82 $10 1.17 $72 $8.33 12% 16.0 3.0 130% 0 INCY 29.3 22 $645 $77 2.62 $568 $19.38 12% 180.0 170.0 13% 175 97% GLIA 10.1 26 $263 $26 2.57 $237 $23.43 10% 30.0 36.0 -23% 36 120% MOGN 15.0 11 $165 $16 1.07 $149 $9.93 10% 17.0 20.0 -19% 20 118% ONXX 11.4 9 $103 $7 0.61 $96 $8.39 7% 30.6 9.3 305% 0 CELG 16.4 16.5 $271 $13 0.79 $258 $15.71 5% 28.0 3.8 186% 0 SUPG 20.4 18 $367 $13 0.62 $355 $17.38 3% 19.5 3.0 130% 0 PARS 37.0 2 $74 $2 0.06 $72 $1.94 3% 6.1 1.5 200% 1.2 20% All numbers in Millions ALKS 9 month data,SIBI lawsuit not included,LGND warrants not included. Sales is MY estimates for '99…. Feel free to "chip in" Please! Sls/Exp is my lame attempt to compare "sustainable" revenues to expenses,ie. 100% would supposedly be sustainable 0 Burn. Burn is % of current cash expected to be burned in 12 months. "T-Val" is technology value

To: LLCF who wrote (200)	5/28/1999 4:05:00 PM
From: Mike McFarland	Read Replies (1) \| Respond to of 52153

DAK: I'll try to work up a few of the numbers on CTIC this weekend. After today's disaster it trades at a significant discount to book value I think. In fact, I just stuck my toe in the water for 1000 shares. That isn't much for me, I have more MAGN than CTIC for instance, but don't want to sell much of my other stuff etc etc. MAGN had a disaster awhile back similar to what happened with ctic today--their topical antibiotic was voted down in a weak vote. FDA will be responding to that by the end of July--the thread here is dead, but magn yahoo thread has a few good posts. Anyway, ctic could be okay play for dead cat bounce, and certainly not too expensive at these prices, they have several other interesting things on their plate besides Lysofylline, I owned it for awhile, then asked about lyso on a few of the biotech threads, got no response at all, so I sold--that was lucky. Nice to get back in in a small way now tho--since I already have a folder for them. Well, that is all for now. Oh, I ran a little test on NTII the other day, when it was 1 5/16 by 1 1/2 I put a limit order to sell 4k at 1 7/16, incredibly, 2500 shrares immediately flashed up on my level II, so that was interesting, the order never filled (I was thinking I'd swap a third of my NTI for 1000 sibi) but it was fun to watch the level II. Also interesing was the fact that my order at the end of the day switched to "pending" but then it finally expired around 6pm eastern time. Odd. A little annoyed that NTI was weak today, sombody was willing to sell a little at 1 1/4 apparently. So I guess it is just me and Arthur in that one, heheh. Have a nice weekend, see ya by Tuesday with some preliminary ctic numbers. --Mike To grab the ctic I had to sell a quarter of my ctii I grabbed just below a buck a couple weeks ago--there is definatly buying going on at a buck, the order was filled instantly.