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Biotech / Medical : Imclone systems (IMCL)
IMCL 0.1590.0%Oct 5 5:00 PM EST

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To: Deeber who started this subject1/7/2002 9:17:17 AM
From: Labrador  Read Replies (2) of 2515
 
7:59AM Imclone Sys (IMCL) 43.49: Trading down another 9% in pre-market after JP Morgan downgrades to MKT PERFORM from Buy. Firm believes details disclosed Friday in The Cancer Letter article suggest additional deficienciesin ImClone's BLA beyond those already disclosed by the co in its 12/31 conference call. Firm now believes that IMCL/BMY are unlikely to re-file the original BLA in 1H/02, as previously forecast, and will likely wait until additional clinical data can be added to the application, probably in late 2002.
premarket trading under $35
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