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Biotech / Medical : Biotech Valuation
CRSP 56.68-2.4%Dec 12 9:30 AM EST

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To: IRWIN JAMES FRANKEL who wrote (4197)6/26/2001 9:35:57 AM
From: Biomaven  Read Replies (1) of 52153
 
Jim,

<<INHL>> No efficacy issues that I saw here. On most measures you wouldn't expect statistically significant improvement over injectable insulin. But in fact they did show such improvement on one measure (% reaching HbA1c 7% target), and the lack of weight gain is also very nice.

The two concerns are the antibodies and the fibrosis. Nobody really seems to know if the antibody issue is of any long-term significance. The fibrosis issue is still crucial - the issue now seems to be whether the single case was a pre-existing condition that they missed in the screening. The FDA will likely be cautious here.

Peter
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