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Biotech / Medical : GelTex Pharmaceuticals (GELX)

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To: ADEL 7 who wrote (28)10/15/1997 10:15:00 PM
From: Robert Holmes   of 127
 
To All:

Don't be disuaded by misinformation. RenaGel does not effect cholesterol levels. That is the domain of GelTex's Cholestagel which enters Phase III trials this Qtr.

RenaGel is a phosphate binder that has shown little or even no side effects and is scheduled for an NDA filing also this Qtr.

For anyone who may be short this stock, a word of warning. Geltex has been in ongoing discussions with potential partners for marketing Cholestagel and has expressed a desire to finalize a partnership prior to its phase III trials (again this qtr). Whether this happens is anyone's guess, but I wouldn't bet against this stock.
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