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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (80455)9/28/2000 9:53:02 PM
From: tom rusnak  Read Replies (1) of 132070
 
RE: biotech/FDA/SNUS

G'day Michael,

This is really a general question about biotech companies and FDA approvals but in the interest of self interest I'll formulate it regarding SNUS (Sonus Pharmaceuticals).

SNUS was expecting FDA approval in March and looking at the chart from January at 2ish it was straight uphill to 9+ around approval time. They got knocked back for some labelling issues and drifted back to the 02 area code. They are expecting more news from FDA on OCT 28th.

First of all, do the majority of stocks awaiting FDA approval news head for the heavens going into the news?

Secondly, do you know much about SNUS in particular?

Thanks as always,

tom
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