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Biotech / Medical : Biotech Stock Picking - 2003

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To: Arthur Radley who wrote (124)1/22/2003 8:09:43 AM
From: Arthur Radley   of 383
 
Several of "you" have MLNM in your portfolios....good luck with this news today and those suffering from this disease.

Millennium Submits New Drug Application for VELCADE(TM) (Bortezomib) for Injection
Wednesday January 22, 7:59 am ET
-- Novel therapy also granted Orphan Product Designation --

CAMBRIDGE, Mass., Jan. 22 /PRNewswire-FirstCall/ -- Millennium Pharmaceuticals, Inc. (Nasdaq: MLNM - News) today announced that it has submitted a New Drug Application (NDA) with the U.S. Food and Drug Administration (FDA) for approval to market VELCADE as a treatment for relapsed and refractory multiple myeloma. In June 2002, VELCADE was granted fast-track status by the FDA as having the potential to treat a serious, life- threatening condition and address an unmet medical need. The NDA was submitted under the provisions of Subpart H - Accelerated Approval of New Drugs for Serious or Life-Threatening Illnesses.
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