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Biotech / Medical : ARADIGM CORP. ARDM

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To: tuck who wrote (181)10/22/2003 5:36:14 PM
From: tuck  Read Replies (1) of 255
 
PFE still vague on Exubera filing. Concurrently, big volume in ARDM today, with a solid finish on a bad day for the markets. Speculation was that NKTR/PFE might file Exubera NDA earlier than the middle of next year. That doesn't look plausible now. I'm guessing the recent run up in ARDM reflects the possibility of closing the time to market gap with Exubera under the more likely scenario that Exubera launches late 04 or some time in 05.

Cheers, Tuck
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