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Biotech / Medical : LIPO-Liposome
LIPO 0.350-4.4%Nov 7 9:30 AM EST

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To: 613 who wrote (851)9/21/1999 10:12:00 PM
From: Donald Gravenor  Read Replies (1) of 900
 
I know both the physicians mentionned in a previous posting. Dr. Johnson (from Vanderbilt in Nashville) is one of America's premier oncologists, and has not only prescribed adriamycin, but has received it, and even says that it has given him a resting tachycardia. If he, as a representative of the FDA says the drug shouldn't be released, I think we can basically count Evacet out on a permanent basis.
I have very serious reservations about the pros[pects of a company which derives its income from (incidentllly extremely expensive form of) liposomal amphotericin.
Finally, why is $5 a buying point ? Is there a strong technical support level there ? (I don't know anything about technical analysis). The fundamentals of the company seem pretty weak, from my perspective, at least right now.
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