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Biotech / Medical : Biotechnology Value Fund, L.P.

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To: scaram(o)uche who wrote (2175)	12/13/2000 11:40:50 AM
From: Elmer	Read Replies (3) of 4974

Hi Richard, The recent open interest on put options for MAXM, before yesterday's announcement, was much higher than that for calls telling me that a lot of people knew the data was manipulated. Are the FDA filings open to the public for review prior to the advisory board meeting? Curiously, Franklin Berger of J.P. Morgan and Rob Toth thought the odds favored approval. So, how is it that the Street knows knows the data stinks and the analysts don't? Thanks

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