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Biotech / Medical : Biotech for less than a buck.

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To: RWReeves who wrote (367)	1/28/2000 11:29:00 PM
From: Cheryl Galt	Read Replies (2) of 743

I've enjoyed checking out your small wonders. But just a cautionary note about AIMM Autoimmune (AIMM) fell on hard times after their Ph III for Colloral failed last September. What's left is two part-time staffers and whatever's left of $8M cash in the bank. The tail end of its SI thread describes the current end-stage stock gyrations, as traders respond to rumors. (Might someone be buying what's left?????) Message 12114251 A Nov 5 release gives details of the sad story: biz.yahoo.com o some on-going trials continue, at various sites o 24 of 26 positions eliminated; $650,000 in severance costs o the two remaining staffers are on part-time o the facility lease was not renewed, o all parties involved with the open label trials were notified of their termination o All bulk manufacturing process equipment has been dismantled for storage. o All data has been archived in hard copy format. o The Company's network and phone systems have been disposed. Wear gloves if you play with this knife ... Cheryl

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