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Biotech / Medical : biotech firesales

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To: Ian@SI who wrote (777)5/24/2005 3:30:35 PM
From: Jibacoa  Read Replies (2) of 3661
 
Re: EYET

The FDA approved Macugen in December in spite of the fact that some patients that received the drug had a significant decrease in vision loss. DNA's Lucentis reportedly has shown improvement of vision in some patients.

Several "analysts" have cut their "ratings" on EYET as they feel that in spite of the help on marketing from PFE. Macugen will not be able to compete well with Lucentis.

Another stock which was down 15% earlier today (only about 13% at present <g>) is QLTI which also has a product (Visudyne) for treatment of patients with the wet form of AMD.

bigcharts.marketwatch.com

Bernard
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