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Biotech / Medical : MedImmune

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To: Arthur Radley who wrote (232)7/11/2002 2:37:09 PM
From: Edscharp   of 416
 
Got this email alert from Schwab today.

Charles Schwab & Co., Inc.
Email Alert

News Alert
Thursday, July 11, 2002
Information provided by Reuters

Although the FDA decision on FluMist was expected yesterday, MEDIMMUNE INC. (21.10 @ yesterday's close) has not issued any press release regarding a response from the FDA. Salomon Smith Barney believes that the most likely scenario is that the company has received a "complete response" letter from the FDA, and that Medimmune may be evaluating any outstanding issues in the FDA response to determine whether the drug is likely to be approved this year. The firm continues to believe the product is approvable but the timing of approval is difficult to
predict. [Briefing.com]
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