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Biotech / Medical : Biotech Valuation
CRSP 57.26-0.2%11:29 AM EST

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To: Biomaven who wrote (7221)10/23/2002 5:26:37 PM
From: Biomaven  Read Replies (1) of 52153
 
Just to show that Reuters can produce misleadingly bullish stories as well as their previous bearish misleading stories, here's one from today:

Intermune says Actimmune shows benefit in study - Oct 23, 2002 04:53 PM (Reuters)
finance.lycos.com

BRISBANE, Calif, Oct 23 (Reuters) - InterMune Inc <ITMN.O> on Wednesday said preclinical and preliminary clinical data suggest that its Actimmune interferon gamma injection may prevent or reverse the development of cirrhosis. Based on this data, it said it expects in mid-2004 a major advance in the management of patients with advanced liver disease.

In Phase II, multi-center, placebo-controlled study, 500 patients with severe liver fibrosis or early cirrhosis associated with hepatitis C infections were randomized to receive either placebo, 100 mcg of Actimmune or 200 mcg of Actimmune three times per week via subcutaneous injection.© Reuters 2002.


You wouldn't know it from the story, but what actually happened is that ITMN completed enrollment in their Phase II trial.
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