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Biotech / Medical : VICL (Vical Labs)

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To: Scott H. Davis who wrote (494)	1/12/1998 9:50:00 PM
From: William Strop	of 1972

Scott, I never give advice --- it's just that misery likes company --- but after being absent for a month I picked quite a day to show up!!! Anyway -- good luck. Regarding the Murphy recommendation & statement re: Merck announcong FDA approval--- here's my two cents. Merck started the Influenza vaccine Phase I trial around 5/1/96. They have since completed it but no results have been announced. The only mention I ever found re: the Aids vaccine was a briefing from the President of Merck to a Congressional Task Force on 6/23/97. He stated that they had licensed the technology from Vical & that Merck's Aids vaccine was in Pre-clinical status. So Murphy is likely referring to Merck announcing FDA approval to enter Phase I testing. Other information I have gotten from brokerage analysis in the past indicate an approximate date of 2002 for actual products (if any). fwiw, Bill

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