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Biotech / Medical : Paracelsian Inc (PRLN)

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To: paul goldstein who wrote (2978)7/21/1997 5:25:00 PM
From: Rick Costantino   of 4342
 
Paul, just to comment on your question about the time frame, these are my speculations. If AndroVir has really completed Phase I as they said, then they could probably complete Phase II and III in a couple of years and maybe another 1/2 to 1 year for approval. For AndroCar, maybe add another 1/2 year or so. The cost? It could be huge, depending on what the FDA requires of them. Probably at least tens of millions of dollar range, if not more. That is why, as everyone points out, they need a partner. Problem is, potential partners are very suspicious (and I can't blame them, right Robin?). The data should be speaking for itself, which makes we wonder whether (a) this whole thing is a huge scam or (b) PRLN managment is completely incompetent. If its the former, then we are all toast, except for a possible class-action suite. I hope its the latter case, and some shake-ups are imminent.

Rick
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