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Biotech / Medical : MRVT Miravant Med Tech: Infinity and Beyond?
MRVT 0.00Jun 16 5:00 PM EST
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To: Alan Gallaspy who wrote (62)1/15/2002 5:17:08 PM
From: Ian@SI  Read Replies (1) of 67
 
As SnET2 was the most advanced potential competitor from a Clinical Trial perspective, its failure should have a positive impact on QLT's future revenue stream. Either the market had already discounted this in QLTI's price but not in MRVT's; or it doesn't seem to much care. QLTI is actually trading at a lower price now than prior to MRVT's announcement of the SnET2 failure.

Visudyne remains the only AMD treatment with proven effectiveness and will hold that monopoly for several years at least.
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