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Biotech / Medical : IDPH--Positive preliminary results for pivotal trial of ID

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To: I. Luttichuys who wrote (828)5/8/1997 9:22:00 PM
From: Don Cheng   of 1762
 
Hi Bennett, I am afraid that the biotech industry may have to take a bath tomorrow because of Motrophine (Cephalon) did not win the FDA advisory panel approval today. In fact, Cephalon already indicated that they were not going to invest more money on this product becuase of the hugh investment (120 million ?) in the past. I do not think short-term but long-term now.

Don
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