Zonagen (zona) - good buy? Message Board

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

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To: BDR who wrote (1316)	12/25/1997 1:19:00 AM
From: Bill Wexler	Read Replies (1) of 7041

There will be no NDA filing... ...for the simple reason that Zonagen's clinical trials failed miserably. Phentolamine Mesylate is ineffective for the treatment of ED. They will not file an NDA because FDA rejection is 100% certain. Zonagen - of course - knew this. They have deliberately obfuscated the trial results for the sole purpose of keeping speculation alive and well. As long as speculation exists, the stock price remains artificially inflated while insiders cash out. Zonagen's additional tests and the vague asides about cancer in mice are simply new delaying tactics. There is no doubt that Zonagen is now a worthless enterprise - except for the cash they have in the bank. The stock price will eventually reflect that.

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