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Biotech / Medical : AMLN (DIABETES DRUGS)

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To: David Bogdanoff who wrote (538)8/20/1997 11:52:00 AM
From: Richard Belanger   of 2173
 
David - "Poorly designed study" and "weak clinical program" might be too strong here. It is a fact that the protocol failed to accommodate the increased use of insulin by some of the patients. Do we know yet if the increased use occurred primarily among the placebo group? If so, I would fault the designers less and I would still hold out some hope for "significant" (if not potent) efficacy.

More than anything, I think what these results underscore what a complicated disease diabetes is. There's good reason why there hasn't been a new treatment for Type 1 in 75 years! But Wall Street was clearly looking for black and white, and these results will continue to weigh on the stock for some time yet.

Rich (shareholder since 6-95)

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