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Biotech / Medical : CLTR COULTER PHARMACEUTICAL

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To: Biomaven who wrote (221)6/17/1999 3:15:00 PM
From: Vector1  Read Replies (1) of 666
 
LOL,
I tried to get some info from their Web Site but there was not much there. Interestingly in the Job opportunity section having worked on wall street was a disqualifying credential. Gee, wouldn't want someone with experience. I do not know who these guys are but they are way off base on CLTR. Yes CLTR more than hinted that they would do a rolling filing commenced in the first quarter, but if they make a complete filing by June 30 and still get fast track then no big deal. My understanding of the reason for the delay was manufacturing. CLTR will outsource both the MAB and the radioisotope. To a large degree the manufacturing in is out of their control and Nordian and Ampersham may not have their sense of urgency. I am told that the clinical portion of the filing has been done for over a month. I have yet to hear a cogent argument as to why from an efficacy standpoint Bexxar will not be approved.

Once approved Bexxar will be a $100m drug in year one growing IMO to in excess of $300m. With ample cash and a strong partner CLTR is the best one year risk reward play in the sector.

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