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

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To: Bill Wexler who wrote (2153)1/30/1998 1:23:00 AM
From: Mama Bear  Read Replies (3) of 7041
 
Much has been made of Schering's involvement with Zonagen, and statement such as "Do you really think they didn't do their due diligence" are presented with the hopes that some will infer that ZONA is a can't miss proposition. Yesterday, another partner of Schering's, CORR, took a major hit because their drug wasn't approved for the angina market. While receiving approval for the angioplasty market, this is a much smaller market, and will result in much less revenue.

I guess that Schering is not god like in it's assesments of a biotech's potential after all.

Barb
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