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

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To: Ron who wrote (1477)4/20/2003 3:12:35 AM
From: Icebrg  Read Replies (2) of 3044
 
>>Wondering what the likelihood is that Velcade will get the go ahead:>>

The chances for approval should be say 90 %. Millennium has already started to employ the sales representatives they need to sell the drug.

There are no satisfactory treatment options for multiple myeloma today. Not that Velcade will bring cures, but it seems clear that in many cases it may slow the progress of the disease. In other cases it has brought complete remissions to heavily pretreated patients.

The FDA cannot really say no unless there are some undisclosed and very negative side-effects.

Erik
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