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Biotech / Medical : Cor Therapeutics Inc. (CORR) -- Ignore unavailable to you. Want to Upgrade?


To: LLCF who wrote (457)5/18/1999 7:31:00 AM
From: SemiBull  Read Replies (1) | Respond to of 712
 
From Jim Jubak Piece Posted Today:

(http://moneycentral.msn.com/articles/invest/jubak/3225.asp)

"Updates
New Developments on Past Columns
7 top biotech picks for 1999
The seven stocks in my biotechnology portfolio
haven't exactly torn up the track this year -- the
portfolio of five September picks and two March
1999 picks was up 3.2% for the year to date as of
May 17 (you can get the full list by clicking on the
headline above). But there's been good news
recently from COR Therapeutics (CORR)
and
Ligand Pharmaceuticals (LGND). On April 20,
COR Therapeutics reported first-quarter sales of
Integrilin, the company's drug for treating unstable
angina and myocardial infarction and for use in
angioplasty patients, of $11 million, about $2
million above estimates. Sales are currently
running at a pace of about $1 million a week and
the company has upped estimates of Integrilin
sales to $200 million for 2000.
Ligand recently
announced that in pre-clinical studies, its drug
Targretin, used in combination with tamoxifen,
caused a complete or partial regression in 94% of
primary breast tumors that had shown resistance
to tamoxifen alone. Results from the company's
ongoing Phase 2 study of Targretin are expected
in the second half of 1999. I continue to
recommend both stocks at recent prices."