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Biotech / Medical : VICL (Vical Labs)
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To: William Strop who wrote (196)4/30/1997 12:34:00 AM
From: Rainforest   of 1972
 
I believe earnings are due May 5th, but you're right, it's a non-event. The burn rate is the important number. According to IR, Vical has enough in the bank to last 2 more years, so they won't have to go to the well in this lousy market. But they do expect one more financing before completing the cancer trials.

Incidentally, IR is not concerned about the govt. renege on funding development of the malaria vaccine. They believe Pasteur Merieux will continue with the program with or without govt. support.
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