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Biotech / Medical : Biotech success, 2002

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To: Miljenko Zuanic who started this subject2/27/2002 8:15:01 AM
From: scott_jiminez  Read Replies (1) of 117
 
Fascinating....

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Boston, Feb 27, 2002 (MidnightTrader via COMTEX) -- ImClone Systems (IMCL) is charging higher this morning on 19,100 Instinet shares following wire service reports late Tuesday night that U.S. regulators informed the company they would review ImClone's request to market its cancer drug, Erbitux, if the company resubmits data from its U.S. trial along with new data from trials in Europe.

ImClone and partner Bristol Myers Squibb (BMY) met with the FDA Tuesday as part of their efforts to have regulators re-examine the data after the FDA refused to consider the drug last year.

Price: 22.15, Change: +6.63, Percent Change: +42.0%

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