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Biotech / Medical : Regeneron Pharmaceuticals

REGN 780.80

+1.9%

2:27 PM EST

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To: keokalani'nui who wrote (676)	8/31/2002 12:08:02 AM
From: Miljenko Zuanic	of 3560

Abstract deadline was in mid June, so maybe too early for PI data. They may have preclinical data abstract and early data from PI can be attached at presentation. I do know that they expanded PI from single site (common for PI) with two new centers, in May. At this point (few next months) it will be forthcoming to learn about Avastin breast/colorectal trials. Regardless that REGN trap may be different story, after Iressa news market will not take easy another disappointing news on new cancer drugs. <<Really promising news could take some of the valuation pressure off axokine.>> Shorts continue to attack, I guess, based on potential problems with Axokine. If company start IL-1 trap before 1Q 03 (and maybe trap partner become reality) and with preliminary result of the IL-4/13 safety they will start to think about opposite outcome. I continue to believe that Axokine will satisfy regulatory requirement, but that is another story. Miljenko

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