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Biotech / Medical : AMLN (DIABETES DRUGS)

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To: D.Right who wrote (831)10/2/1997 2:09:00 PM
From: MulhollandDrive   of 2173
 
>>now the drug should move up or down on the merit of their drug pramlintide..<
D. I agree with you that the JNJ announcement is a positive, sending a message that they still have faith in pramlintide. (I'm a businessperson and while not dealing with numbers remotely akin to 30M, I can assure you that JNJ is in business to make money and would certainly not be throwing "good money after bad" unless there was the potential of a marketable drug) That being said, the last report on the pramlintide trial would have certainly been enough to spook investors. I think there may be continued price appreciation, but without substantive results with the ongoing trials, I would not be looking anticpating strong move. Just my opinion, having limited knowledge in the biotech area. bp
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