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Biotech / Medical : Biotransplant(BTRN)
BTRN 35.400.0%Nov 28 4:00 PM EST
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To: Icebrg who wrote (927)6/21/2001 4:02:11 PM
From: Icebrg  Read Replies (2) of 1475
 
Robbie Stephens had the following to say about MEDI-507 the other day.

MedImmune, Inc. [NASDAQ: MEDI $40.69]
Buy
Michael King, Biotechnology

"Coming out of our visit with MedImmune last week, we were most excited about lead compound MEDI-507, a currently in Phase II trials for the treatment of psoriasis," said King. "MEDI-507 is a humanized antibody which binds and blocks the CD2, the same target for Biogen's Amevive. MEDI will present results on MEDI-507 in psoriasis for the first time at the International Psoriasis Symposium in San Francisco this Saturday. Investigators will present results from three Phase I/II trials which tested MEDI-507 in both intravenous and subcutaneous formulations. Since Biogen's Amevive serves as a proof-of-principle for MEDI-507, we expect MEDI-507 to demonstrate promising results in psoriasis. Biogen's Amevive already has been shown to be an effective and safe treatment for psoriasis. Psoriasis represents a significant market opportunity, with at approximately 450,000 patients with moderate-to-severe disease seeking treatment. While MEDI-507 will not be the first entrant, we believe the market can certainly accommodate at least a few successful drugs when MEDI-507 launches in 2004. In our opinion, MEDI-507 may provide a positive surprise at the psoriasis meeting. We believe this will be an important event for MEDI whose pipeline has lacked visibility recently."

robertsonstephens.com
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