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Biotech / Medical : AtheroGenics, Inc.{AGIX}-nasdaq

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To: Secret_Agent_Man who started this subject2/21/2001 8:10:19 PM
From: sim1   of 332
 
AtheroGenics, Inc.
(Nasdaq: AGIX) $6.75
Buy

Jay Silverman, Biopharmaceuticals
"AtheroGenics announced that it filed an Investigation New Drug (IND)
application to the FDA to begin clinical trials on AGIX-4207, an orally
administered compound for rheumatoid arthritis, ahead of schedule," said
Silverman. "AtheroGenics expects to begin a Phase I dose escalation study
soon, this quarter, on healthy volunteers to assess the safety and
tolerability of the new compound. AGIX-4207 is a v-protectant, a
proprietary and novel class of compounds being developed by AtheroGenics
to fight inflammatory diseases. The v-protectants act by preventing
inflammatory cells from migrating from the bloodstream and into the
tissues where they can promote inflammation. AGIX-4207 will be
AtheroGenics' second compound to enter the clinic, after AGIX-1067, which
is being tested for the treatment of restenosis in a Phase II trial that
should complete in 2Q:01. We reiterate our Buy rating."
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