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Biotech / Medical : Texas Biotech (TXB)

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To: Brander who wrote (486)	1/1/1998 7:19:00 AM
From: Bill Wexler	Read Replies (1) of 834

<< TXB faked their clincial trial results>> I never said that TXB "faked" the results. I said that TXB set up the tests improperly and placed a positive "spin" on statistically insignificant positive responses. I said that TXB has a long history of paying off promoters and that giving a promoter a portion of R&D revenue is very unusual. I said that the investors in TXB are also involved in ZONA and ARNX. I said that all of these companies have very similar...and dubious...capitalization structures. I said that TXB and ZONA conducted little...if any...in-house development. Message 3044210 Message 3047162

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