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

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To: dalroi who wrote (1516)5/14/2003 7:05:41 PM
From: Miljenko Zuanic  Read Replies (2) of 3044
 
Stefaan,

<<perhaps we should start looking at fda postponed drugs like the one from prcs/sepr.>>

There is no white and black contrast. Every NDA, every candidate is new story. FDA is getting seriously down to basic business and that is good for whole pharma industry. Velcade approval was clear cut.

<<if velcade is now approived doesnt that put mlnm in a beter bargaining positon concerning partnership or is this going to be announced before the open tomorrow>>

I think that partner should be pleased with Velcade initial label. More close to second line than third line MM therapy. Also, FDA requested comparing Velcade to standard therapy (not Dexa), so this should means that FDA is aware of moving V toward first line therapy.

Miljenko

PS: You can always buy calls back, as I did with my ABGX hedge after Iressa approval.
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