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Biotech / Medical : Zonagen (zona) - good buy?

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To: Anaxagoras who wrote (908)11/25/1997 2:35:00 PM
From: Tunica Albuginea  Read Replies (1) of 7041
 
Anaxagoras " Under the agreement, Schering-Plough will pay Zonagen an upfront payment of $10 million with subsequent milestone payments once specified regulatory goals are achieved."

This is great!!

" once specified regulatory goals are achieved."

Translation: " when the FDA approves Vasomax " ( NEVER )
" SGP will fork out the dough ".

BRILLIANT !!!!!

SGP isn't going to loose a penny and they got their name attteched to another dream to sucker more money into it !!! Why could'nt I think of that???

TA
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