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Biotech / Medical : Biotech Valuation
CRSP 57.05-0.6%Dec 9 3:59 PM EST

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To: tuck who wrote (4346)7/25/2001 2:57:34 PM
From: Biomaven  Read Replies (2) of 52153
 
tuck,

Recent AC favorable meetings haven't produced much in the way of upward bounces. OTOH, they've mainly been for products (like Natrecor) where approval was pretty much in the stock price already. Here there is still some uncertainty. Unfortunately the posted briefing documents I could find today don't contain some of the key FDA goodies like the statisticians' report. There is some muttering in the FDA briefing about lack of active monitoring for adverse events in some trials, but mostly I didn't see anything that worried me on a super quick scan.

A negative view by the AC would likely cut the stock price in half, depending on just what the problem was.

Straddles around the times of these meetings are mighty expensive - I'll be interested to learn how you do on yours. Personally I'm just holding the stock long and hoping for a favorable meeting.

Peter
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