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Biotech / Medical : Transcend Therapeutics (TSND)
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To: scaram(o)uche who wrote (3)3/11/1998 11:25:00 PM
From: John Metcalf  Read Replies (2) of 25
 
I know better than to chase a one-product biotech, BUT --

the ARDS Ph III trial will be done this year
they have $16.8mm -- enough for six quarters at current burn
Nestle, Baxter, and Boehringer Ingleheim own shares
BI will market and sell Procysteine, if they get approval

A successful Ph III will make the company worth far more than $40mm.

Thanks, Rick
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