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Microcap & Penny Stocks : FDA - Stocks close to approval: List them here

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To: Keith Anderson who wrote ()	7/1/1996 10:10:00 PM
From: STEVEN OLIVEIRA	of 83

THERE ARE TWO THAT I'M AWARE OF. THE FIRST BEING SEPRACOR(SEPR). THEY'VE DEVELOPED IN COLLABORATION WITH HOECHST MARION A NEW, SAFER VERSION OF SELDANE, THE ANTIHISTAMINE WHICH IS ONE OF MARION'S TOP SELLING DRUGS. MARION FILED THE NDA JULY 31, 1995 AND IS EXPECTING AN APPROVAL BEFORE THE END OF THIS MONTH. NOTE ALSO, THAT AN FDA ADVISORY PANEL HAD BEEN SCHEDULED TO MEET ON MAY 10, 1996, BUT IT WAS CANCELLED IT SEEMS BECAUSE THERE WEREN'T ANY SIGNIFICANT ISSUES TO DISCUSS. THIS WOULD BE SEPRACOR'S FIRST APPROVED DRUG AND THEY ARE EXPECTED TO RECEIVE AN 8% ROYALTY ON ALL PRESCRIPTION SALES IN THE U.S. STARTING IN 1999. THE SECOND IS NEOPROBE(NEOP), A COMPANY THAT HAS DEVELOPED A CANCER DIAGNOSTIC SYSTEM. THEY'RE EXPECTNG EUROPEAN APPROVAL FOR COLORECTAL CANCER BY THE END OF OCTOBER AND APPROVAL IN ASIA BY YEAREND. THIS WOULD BE THE FIRST APPROVAL FOR THEM ALSO. THE INFORMATION STATED HERE IS MERELY AN OPINION FROM SOURCES BELIEVED TO BE RELIABLE. THIS IS NOT A RECOMMENDATION OR SOLICITATION.

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