Internet - Bio Tech - Momentum Stocks: Redchip Review "A" Rating for GNLB

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Redchip Review "A" Rating for GNLB

Posted by T A P on 4/4/2001, 7:36 am

04/03/01 08:53 AM
Source: Redchip Review
Morning Call:
Visit the CNET Brokerage Center for daily reports from the top Wall Street analysts.
We are maintaining our A rating on the following company:
Genelabs Technologies, Inc. (Nasdaq: GNLB)
Followed by RedChip analyst Wayne Lottinville, CFA
Aslera, the companys lead drug for the treatment of lupus, is well-positioned for FDA approval.
The U.S. licensing of Aslera by Watson Pharmaceuticals, Inc. (NYSE: WPI) is an endorsement of GNLBs lead drug and provides much-needed cash for developing its genetic technology.
The 21-month price target of $8.00 per share is 14x projected 2002 cash flow. This assumes FDA approval of Aslera, but is based on conservative projections of sales and milestone payments.

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Redchip Review "A" Rating for GNLB - T A P 4/4/2001, 7:36 am
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--Previous Message-- : 04/03/01 08:53 AM : Source: Redchip Review : Morning Call: : Visit the CNET Brokerage Center for : daily reports from the top Wall : Street analysts. : : We are maintaining our A rating : on the following company: : : Genelabs Technologies, Inc. (Nasdaq: : GNLB) : Followed by RedChip analyst Wayne : Lottinville, CFA : Aslera, the companys lead drug for : the treatment of lupus, is : well-positioned for FDA approval. : The U.S. licensing of Aslera by : Watson Pharmaceuticals, Inc. (NYSE: : WPI) is an endorsement of GNLBs : lead drug and provides much-needed : cash for developing its genetic : technology. : The 21-month price target of $8.00 : per share is 14x projected 2002 cash : flow. This assumes FDA approval of : Aslera, but is based on conservative : projections of sales and milestone : payments. : : :

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