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Biotech / Medical : Cellegy Pharmaceuticals (CLGY)

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To: Howard Hoffman who wrote (196)9/21/1999 1:40:00 PM
From: Arthur Radley   of 322
 
From theStreet.com today.....
"Cellegy (CLGY:Nasdaq) was a dog for years. Worse, it works on diseases that no one likes to hear about. Seriously, investors pass on this company solely because of that. Try explaining that to the efficient market blowhards.

Cellegy is working on a nitroglycerin gel, Anogesic, for anal fissures. The drug is finished with Phase III and the results should be out shortly. If they're positive, the drug could sell several hundred million annually, say people at two hedge funds that own this $90 million market cap company
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