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

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To: IRWIN JAMES FRANKEL who wrote (2016)2/13/2002 11:24:50 PM
From: Cacaito  Read Replies (1) of 2515
 
" The contract allows Bristol-Myers to withdraw if there is a "significant concern regarding a regulatory or patient safety issue that would seriously impact the long-term viability of the product."

Above from today New York Times.

There are very serious "concerning" issues about the the regulatory process that could impact the long term viability of the product.

At the least, Bmy could step out and save $800M, they would still own the 20% of Imcl. But, Bmy wants more, Bmy wants the most they can get. In my view BMY will prevail on their terms.
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