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Biotech / Medical : OSI Pharmaceuticals (OSIP) - formerly Oncogene

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To: Miljenko Zuanic who wrote (166)8/27/2002 10:19:35 AM
From: Vector1  Read Replies (1) of 447
 
Thanks Miljenko. I generally agree with your conclusion:

<<Speculative translation suggest that OSIP two PIII front line program have small chance to be better than Iressa data. Third PIII trial, monotherapy for progressive lung cancer, may generate positive data (like Iressa), but overall dug utility will be far from expected.>>

However, I bought OSIP because:

I believe the PIII trial for refactory lung cancer for Tarceva is well designed and if successful will give Tarceva a very high chance of approval.

In addition I think that Tarceva has a strong chance of positive results in combo with Gemzar in Pancreatic Cancer.

Gemzar is limited and will generate $800m in sales.

I do not think IRESSA will get approval based on existing data leaving Tarceva potentially as the first approved product.

OSIP has $500m in cash/

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