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Biotech / Medical : AMLN (DIABETES DRUGS)

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To: David Bogdanoff who wrote (506)8/19/1997 11:26:00 AM
From: David Bogdanoff   of 2173
 
A few comments on CEO Haugens talk on CNBC this morning. He felt that the market overreacted to the company's press release. Explained that there were four endpoints for six studies (3 type 1, 3 type 2) and there was a problem with one endpoint (insulin) for type 2 diabetes in
one of the two reported studies. Also they made protocol adjustments
in remaining four studies to control for insulin intake and to select on a subgroup of patients. Apparently this reflects the results of the first two studies. He also said they would continue to analyze the data from the first two studies and had another hormone headed for clinicals at end of 98, and an artheriosclerosis drug headed for clinicals in early 99.

My view is that they mishandled the news release, causing or at least contributing to the overreaction, and their clinical trial program is mishandled. They should have controlled for variable insulin intake to begin with. They should not be adjusting the protocol after enrollment has started. And they should state what their primary endpoint is.

Comments anyone?

David
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