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Astex Pharmaceuticals, Inc. Message Board

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  • batzem batzem Nov 21, 2007 10:57 AM Flag

    stock cna't sit here

    Simple truth is while the "experts " on this board believe the survivial data from EORTC will be comparable to Vidaza. the "experts " on Wall Street dont think so.. Hence the stock price. No resolution until the data is released. But its scary in the meantime. Once again no institutional investor gives any credence to the pipeline its way to early. EORTC sink or swim.

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    • Actually it can sit here as long as someone or institution wants to take all they can at 4.00. One group bought 5% of the company and I already believe we are seeing the end of the year tax selling going on, retail is taking any losses and the institutional are sitting back and scouping it up. The perfect lid is in place and updates are just weeks away. I still think some onm wallstreet will think a strong CR rate in Adopt trial has some real significance.

    • I agree. Dacogen must show a benefit in at least 1 and hopefully most catagories. During the last few weeks I am having my doubts because of Vidazza's handlers are doing such a good job. October sales of the two drugs will tell us more. I am just wondering how PHRMS staff is accepting the takeover news and how that will effect morale. The sales staff should be elated since that is one of the priniple reasons CELG purchased PHRM (More products to sell plus opportunities for advancement), however the HQ and regional staff people will be sweating out their jobs because there will be overlapping positions....some of these folks will have to go and some conflicts will arise that for the short-term will slow down distribution and maybe even sales. MGI should take advantage of this and pour on the qualities Dacogen presents and not let up. 72 hour workweeks are needed. When the other guys clock out at 5PM the way to tip the scales on two equal products in our favor is to sell aggresively and gives great customer service.

      • 1 Reply to lltinvest
      • lltinvest,

        Why would sales people be elated, they will also lose their jobs. CELG has sales staff in place with a drug already in this space, so they would not need all of PHRM sales staff. MGI will keep up the focus and their sales staff will roll up their sleeves and work hard to retain their share. I just wonder if Survival news was so solid with Vidaza, why was Dacogen able to sneak up on it so fast? The 7 day regimine of Vidaza is expensive and trying on these MDS patients. Well, in a few weeks most of the cards will be on the table and we should have a better understanding what alternative dosing and some AML updates.

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