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Biotech / Medical : VD's Model Portfolio & Discussion Thread

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To: JMarcus who wrote (7441)1/7/2000 10:46:00 PM
From: chirodoc  Read Replies (2) of 9719
 
investor relations at avxt told me a few interesting things:
1. they will not give out price for vaccine--that is confidential at this point. margins?
2. they said that margins would be the same as most pharmas = 65-95% that answers the criticism that cost could be prohibitive for wide distribution.
3. they will rent space in australia soon in another pharma house or lab--purchase will come later.
4. they have approval in australia, netherlands, japan, germany but NOT new zealand.
5. the PII they are doing in u.s. has 400 patients and thus could satisfy FDA for full approval--probably will take till 2002-2003.

after talking to him, i bought another 1,000 shares.

curtis
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