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Biotech / Medical : Sonus Pharma (SNUS) ? Opinions

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To: jpgetty who wrote (235)2/26/1998 9:00:00 AM
From: BDR   of 384
 
From the MB thread:

Just found at Investors Business Daily online (in Nasdaq daily review article):

"Sonus Pharmaceuticals lost 6 5/8 to 28 7/8 on
almost triple its average volume. Analyst David
Crossen of NationsBanc Montgomery Securities
warned clients that FDA approval of the
company's contrast agent is not assured.
There may be manufacturing- related problems,
he expects, though the company did not give him
specifics. He says the FDA will issue an ''action
letter'' Thursday. The stock is 38% off its
October high."

If this proves true, why is Sonus management only telling this information to this one analyst and not returning calls from investors to IR?
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