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Biotech / Medical : Texas Biotech (TXB)

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To: scaram(o)uche who wrote (796)	4/20/2001 11:27:14 AM
From: keokalani'nui	Read Replies (1) of 834

From FT. Taking DNA down 4+ on this news was unnecessary, though with the asthma drug being FDA'd and that business about the bleeding lungs, someone might just be worried about the pipe. >>Veletri was discovered by Roche, the Swiss pharmaceuticals giant, but spun out to Actelion three years ago as part of a re-focusing of priorities. The Roche pedigree had been seen as an endorsement of the drug's chances of success. However, one analyst said taking on unwanted products from pharmaceutical companies was a risky strategy. "Big pharma don't give away freebies," he said. The failure of Veletri leaves Actelion dependent on Tracleer, a treatment under development for pulmonary hypertension and chronic heart failure. << Wilder

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