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Biotech / Medical : VD's Model Portfolio & Discussion Thread

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To: squetch who wrote (3865)1/6/1998 6:42:00 PM
From: biowa  Read Replies (1) of 9719
 
squetch,

>>As a condition of the license agreement, Clinica Lirpa, has agreed to "preferential access" for anyone owning 5,000 or more shares of CSI common stock as of March 1, 1998. "Essentially, Clinica Lirpa will confirm reservations to qualified individuals with at least 5,000 shares registered in their name," said Skillern. "Everyone else will be served on a space available basis. This preferential access will be for all services offered by Clinica Lirpa, not just services developed from our TeloVector(TM)."<<

Does this strike anyone as potentially ticking off both the FDA and the SEC. For the SEC, IMO, we have differential treatment of members of the same class of stock. For the FDA, IMO, we have exporting a medical treatment for which an IND has not even been filed to a developing nation with the expressed purpose of treating U.S. citizens.

Just seems fishy.

biowa
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