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Biotech / Medical : Pharmos (PARS)
PARS 2.700+13.6%Jan 21 4:00 PM EST

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To: rjk01 who wrote (1342)12/5/2004 10:55:02 AM
From: NeuroInvestment  Read Replies (1) of 1386
 
Aviv sold around 12% of his holdings. It was clearly a hedge against unexpected failure--he is 67, and while his insensitivity to shareholder impact is becoming legion--if I were 67, I wouldnt put most of my retirement funds on a Phase III single trial either. Riesenfeld sold 16% due to a personal financial situation.

The timing was obnoxious. But I firmly believe it does not reflect a leak--though it does provide confirmation (as if any rational observer needed any) that one can never assume that a neuroprotectant Phase III is a (and how I have come to loathe this phrase) 'slam dunk.'

Harry
NeuroInvestment
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