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Biotech / Medical : Micrologix biotech
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To: Cory who wrote (698)4/13/2000 11:48:00 PM
From: Larry G.  Read Replies (1) of 792
 
Hi Cory,

There are a lot of good biotech companies out there but I only follow MBI.

Your mom is wise she is not watching. Like cruncher said it is hard to know short term and as Pete said this is long play.

All this said and done there are some very good news announcements coming.

The most important is MBI 226 will be going into phase three. I hope the announcement will include a short estimate of length of time to finish phase three. Just entering phase three improve strength of the stock. MBI 226 has a possible potential of 3 billion target market that has not been touched. FDA gave 226 the fast tract designation on completion of phase one. This really show the drug is a possible home run. Usually they do not give a drug fast track before phase 2.

The next news announcement is completion of phase 1 for their acne drug. Safety as well as effectiveness is going to be described. They are going to compare this to other drugs that are being used now. This is a little risker. because you can not do animal studies on acne. Only people get acne. If the results are more effective than all other drugs, this could be big. Acne is a billion dollar market.

The third drug a preventative drug is a very good drug and I think the market is 250 million or more. I also think the drug could be used in other situations.

Best news MBI had is they have about 60 million cash.

Pete said MBI has been shorted a million shares. I could make it very interesting. We could see the price go up a lot but as cruncher said it is hard to know what is going to happen short term.

Cheers
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