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Non-Tech : Bill Wexler's Dog Pound
REFR 1.330-0.7%Jan 6 3:31 PM EST

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To: Kelly who wrote (4597)11/2/1999 12:07:00 PM
From: JDN   of 10293
 
Dear Kelly and all: In fairness of presentation I agree. I own a biotech stock that has been VERY successful in bringing out products such as the widest used drug in treating AIDS a super drug for treating hepatitus BUT they signed an agreement with GLAXO which resulted in much of the profits being siphoned off to GLAXO so stock hasnt done anything for me. However, going forward now that they are financially strong they are attempting to wean themselves from GLAXO and market and distribute their FUTURE drugs themselves. Much riskier but if they are successful stock SHOULD move. I never took the time to really understand the GUMM/GELTECH relationship but if I were a serious investor in GUMM I would want to make sure that I understood it well. JDN
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