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Biotech / Medical : Magainin Pharm (MAGN)
MAGN 8.890+2.2%Nov 7 9:30 AM EST

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To: kech who wrote (84)10/21/1997 6:31:00 PM
From: Shlepper  Read Replies (1) of 233
 
Tom,

After accumulating Magainin for over 5 years, I'm growing a little weary. What's the hold up on the submission of the NDA for Cytolex? I'm a little less concerned about the watering down of the stock, though - if the stock goes off well, then that'll help us all, but if they can't move it, then watch out! There still aren't many shares floated, and the last time they did this, it did boost the stock price. The stock rebounded today from being down 1 to 1/4. That's a good sign. I'm still optimistic about the long term for the stock, although I thought there's be a good short term run up based on the imminent approval of Cytolex.

Good Luck,

Shep
Their squalamine is a great long term thing as well as their other new research, but they need to speed up the NDA process.
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