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Biotech / Medical : Regeneron Pharmaceuticals
REGN 741.29-0.7%Dec 12 9:30 AM EST

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To: nigel bates who wrote (910)2/27/2004 7:40:15 PM
From: Miljenko Zuanic  Read Replies (1) of 3559
 
Sound like Novartis does not want to pay 100% of the pre-PIII cost (going from scratch with new formulation) and found 100% of the PIII/pre-marketing cost (with possibility of the 50% recovery only IF drug generate profit???) for ONLY 50% of the potential profit! I will not do ether, IF I am in NVS. IL-1 Trap is high-risk project.

While Schleifer was very poor (terrible) CEO from time REGN went public, I must give him one credit. He is among the best in pulling money out of pharma pocket with nothing more to show than "empty PR"! IF I am REGN employee I would build him "Partizansku Spomenicu".

Miljenko

PS: As Jim mentioned on BV tread, this news was not unexpected.
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