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


To: Harold Engstrom who wrote (977)5/24/1999 12:57:00 PM
From: Beltropolis Boy  Respond to of 1686
 
quiet here today, thought i'd 'clutter' the board.

(sorry, i can't adequately address your amevive question, harold.)

-----

The following is a review of the 3 most recent I-Watch reports issued
this morning. To view the I-Watch charts and complete coverage,
go to thomsoninvest.net

BGEN -- Biotechnology -- Healthcare
24-May-99 11:46:31 Biogen is trading higher amidst a sea of red today, up $2 1/2 to $105. Block trading is at moderate levels with 23% of all volume stemming from block trades. The Thomson I-Watch reported trade pie chart shows that institutional brokers have claimed a good portion of today's volume. JP Morgan has booked 150,000 shares while Morgan Stanley has reported 125,000 shares in trades. The block trading levels, as well as modest total trade volume would suggest these brokers are trading largely on behalf of their own house trading accounts, rather than on behalf of institutional investors. Day trading, whether on behalf of professional market makers or retail investors, tends to increase the trading volatility for a stock.



To: Harold Engstrom who wrote (977)5/24/1999 2:21:00 PM
From: William Partmann  Read Replies (1) | Respond to of 1686
 
Harold:

>>Heard that the Merrill Lynch analyst has just included Amevive in his revenue projections for 2001-2002. Estimates worldwide sales will reach $600MM annually<<

Merrill said in that report that there is a 2 billion dollar "U.S. market opportunity" for the drug and predicts peak worldwide sales of between $300 and $500 million dollars. Hope this helps.

Good luck.

Bill