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Biotech / Medical : Guilford (GLFD) - Steadily Rising -- Ignore unavailable to you. Want to Upgrade?


To: BRAVEHEART who wrote (302)5/27/1999 2:28:00 PM
From: BRAVEHEART  Read Replies (1) | Respond to of 496
 
Hi Marty,

I learned today that GLFD is unaware of who is responsible for the block transactions. Waiting on the public filings.

GLFD is anticipating a response from Europe for product approval in nine Europeian countries over the next few weeks. Also GLFD is due approximately 7.5 million in milestone payments upon pricing approval. GLFD's product is cheaper than systemic cancer treatments so I cannot see this being much of an issue.

Also AMGN has stated publicly that it is going to be filing for a targeted indication this year. I don't think they would mention this if it wasn't some time relatively soon. Any guesses. Parkensons?This should lead to upgrades.

Which should get the ball rolling... : )

Jeffrey



To: BRAVEHEART who wrote (302)5/27/1999 7:23:00 PM
From: Steve  Read Replies (1) | Respond to of 496
 
Looks like the stock market is starting to crack just as Guilford was starting to make some progress. I hope this one doesn't go make another new low. That would be discouraging, if not my limit as to where I say adios.

It sounds like alot of things will hit in fall but I wonder if it will be too much too late.

With respect to who sold stock the other day I can give you a short list of suspects:

Biotechnology Value Fund
TIAA-CREFF
Growth Fund of America

I think that is about it. Nobody else held over 1 million shares of Guilford stock. Scios sold theirs last March except for a small position. I believe it could not have been TIAA-CREF as well. Maybe some hedge fund was shorting Guilford. Won't know until next month.