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Gold/Mining/Energy : Nuvo Research Inc
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To: Greg Spendjian who wrote (3203)1/24/2000 8:46:00 PM
From: Montana Wildhack  Read Replies (1) of 14101
 
Greg,

"...incompetence at the HPB, understaffing at the HPB, or something fundamentally wrong with the application?"

I think its understaffing. Their budget has been trimmed
over the years while their case load has increased. This
has been commented on by Mark and others in the distant
past.

They have the benefit now of approval by a peer G7 country
and the completion of the phase IV study. I should think
we will see movement on it. The size of the phase IV and
the strong results should help us greatly.

I would think it will be a greater challenge to get a
viable sales and distribution system going within Canada.
At least we will probably have all of the customers
(is patients the right word?) from that large study to
begin with and the several hundred doctors who have
already prescribed Pennsaid. The first step in Canada
is obviously to contact them. The sales from this
tiny group alone could exceed the Dioptic lab revenues.

On another topic, I heard Rebecca say on the call that
they were proceeding with pre-marketing preparations
with JNJ. So that's the latest confirmation that things
are progressing on that front. I would think we're all in
agreement that that partnership will be successfully
finalized. It's just good to hear reaffirmations that
nothing has changed.

So I think this change in volume and price (46,000 shares
on the open at $4.95 and 152,000 in total on a day when
everyone's attention must have been elsewhere in a major
way) - could be an announcement on the way for:

1. Canadian approval of Pennsaid
2. Finalization of the JNJ distribution agreement
3. Press release concerning major WF10 developments

Take your pick. They're all imminent.
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