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Biotech / Medical : IMMULOGIC

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To: Paul Getman who wrote (159)4/18/1997 3:53:00 PM
From: Rudy Saucillo   of 305
 
I take this to mean (1) IMUL doesn't have an Allervax partner in sight, and (2) they don't have much confidence in either their MS or cocaine vaccine programs. Funny, I know from several sources that MS and Cocaine were strongly hyped by Marr at the H&Q conference. Let's look at IMUL's record over the past year: botched 1995 Ragweed trial, Allervax partner punches, botched Cat trial, President fired, botched 1996 Ragweed trial, Board of Directors fired, "new" business plan, delayed MS program, delayed cocaine vaccine program. Notice that IMUL has not met a single milestone in the old business plan? IMUL is sending a very clear message that isn't very hard to interpret. The record (management, pre-clinical, and clinical) simply isn't impressive. Rudy
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