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Biotech / Medical : biotech binary events

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To: dalroi who started this subject	3/31/2003 3:50:02 PM
From: IRWIN JAMES FRANKEL	Read Replies (1) of 295

Good idea Steve, SEPR is nearing a "binary", the acceptance or rejection of the NDA filing with FDA for Estora. The 60 days is up 4/4. I am told that the average for FDA action is more like 64 days. If the NDA is rejected I think SEPR could go sub 5 so the response is likely asymmetrical though I would like to think on acceptance it will run to 25. :-) I hedged this event. ij

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