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Biotech / Medical : IVAX Insider Trading

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To: Steven Messina,L.M.T. who wrote (85)10/1/1997 5:59:00 PM
From: Doug   of 756
 
Hi Steven: Ivx had a pre Q announcement. Said the loss for this Q will be greater than last Q ($53m) and went on to say the drug price war is severe & they are endeavouring to cut expenditures. The news was tempered by the $75m they expect from ALZA for the right sale of Elmiron and other urinary products. Looks they are still groping how to restructure; a Ship without a rudder and increasing losses each Q. Would appreciate if anyone could let me know the Isider Sales in Sept.
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