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Politics : Ask Michael Burke

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To: Gary Mohilner who wrote (64820)7/19/1999 11:14:00 AM
From: Merritt  Read Replies (1) of 132070
 
Gary, he also believed in the technology of GLYC and GRPI and others that failed to make the grade. He's had some good ones too, but the point I'd like to get across is not to put too much faith in him, or anyone else. Especially with Biotech, it pays to diversify as there are just too many unknowns that can't be factored into valuations. No matter how knowledgeable one is about a company, you'll never know enough...even the "insiders" can't be certain of the company's future, or else we wouldn't have products fail in PIII, or not get FDA approval.

As for IMGN, I haven't followed them for a while as I've formed the personal opinion that they were too touty as well as far from getting anything to market after all these years (perhaps too subjective of me, but it's saved me money in the past<g>)...are they still using a ricin-based drug...and how are the PI trials designed, e.g. are they using healthy volunteers?
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