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Biotech / Medical : Lidak Pharm. [LDAKA]
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To: Henry Volquardsen who wrote (840)1/15/1998 10:20:00 AM
From: MCorbley  Read Replies (1) of 1115
 
Henry, at least this must answer the concerns over the results of the clinical trials. I doubt that this whole deal was put together in the 2 weeks since the BMY announcement. And I am downright certain that nobody would offer to put up 100 million dollars at this stage to produce and market a drug if they weren't absolutely positive that the numbers are good enough to ensure approval by the FDA.

I also find this sentence interesting: "The second stage of an additional $30 million dollars could be infused within 4 to 7 months upon receipt of an approvable letter from the FDA of topical LIDAKOL treatment of oral herpes." The "4 to 7 months" suggests a real optimism on their part that the FDA evaluation will proceed quickly.
Michael
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