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Biotech / Medical : AMLN (DIABETES DRUGS)

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To: tonyt who wrote (392)8/17/1997 10:05:00 AM
From: Henry Niman   of 2173
 
tonyt, I don't follow AMLN as closely as some other San Diego biotechs :-), but I'm not overly optomistic about Friday's press release. The type II market is much larger than type I and so far the results in that group are iffy at best. The onging trials may help define a subgroup, but the fact that such a search takes so long and only produces minimal results is not a good sign. Of course the type II target population is huge (although it may be decreased by TZDs and Rexinoids), so even a sub-group could be significant, but identification is difficult and benefits have not been demonstrated.
If I were an AMLN shareholder (which I'm not), I would not be jumping up and down because of Friday's results. Of course the street is frequently unpredictable, and with the right spins, the stock could go up, but I would not be surprised by a significant decline.
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