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Biotech / Medical : AMLN (DIABETES DRUGS)

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To: arnie h who wrote (1809)3/31/2005 1:25:13 PM
From: richardred  Read Replies (1) of 2173
 
>My guess is concern over lack of full approval at this time.

Arnie: This was close to my guess, in an earlier post. One thing I find interesting now. The stock is trading below Lilly's exercise price. Lilly has the option of an equity investment instead of milestone payments only. It will be interesting to see what Lilly's action is, if the approval is delayed. I wouldn't be surprised to see them buy share blocks in the open market as long as the stock trades below 18. A 13d filing by them in a month or two, would confirm my guess. A non approval letter would be a disaster, but IMO that's remote. Still the continuing studies of Symlin as a weight loss option adds speculative fever down the road.
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