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Biotech / Medical : Millennium Pharmaceuticals, Inc. (MLNM)

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To: icanpickem who started this subject3/22/2003 5:14:48 PM
From: microcapfun  Read Replies (3) of 3044
 
MLN02

The Phase II MLN02 trial for Crohn's disease didn't meet its primary endpoint, and the results of the Phase II MLN02 trail for ulcerative colitis - begun Feb. 2001 - have still not been announced. Finally in the Bear Sterns presentation of 9/17/02, it was stated that the company "never considered MLN02 to be a key contributor to MLNM’s top or bottom line growth".

Does anyone have reason for any optimism regarding MLN02 or is it appropriate to more or less write it off?

I only ask, because MLN02 seems to be MLNM's 3rd most advanced product, not counting Campath.
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