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Biotech / Medical : IPIC - the obesity pill stock

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To: Pat Shields who wrote (83)9/24/1996 3:04:00 AM
From: Anthony Tran   of 113
 
Pat,

I am with you. I am very positive that IPIC will be back to the 30 soon. The reason are:

1) Knoll's product is a phase II/III product; the meeting with FDA will be for the permission to set up a phase III trial; therefore the drug is still 2-3 years prior to PLA approval. Therefore I do not consider this product as near threat. Also since Redux is already on the market any obesity drug will be much harder to get approval.

2) The coming meeting with FDA in November is only a routine post -marketting commitment meeting with the agency.

3) Time magazine mentioned 850,000 new subscription per week; this is a very best new drug introduction.

You will see the short sellers of this stock loose their pants.
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